BP's chief economist apparently believes that 20 years from now, 80 % of the world's energy needs will still be met by burning fossil fuels. Let's hope he's wrong.
Coincidentally, after a two month hiatus, I decided to buy oil futures again. No clear reason really, other than the price being under pressure lately, and my continuing conviction that in the longer run, it can only go up. As for the short run, no idea. Except that I consider it extremely unlikely that oil will again fall below 50$/barrel for a prolonged period of time. In other words: IMVHO, mid-term upside is bigger than mid-term downside.