Gem of the day

An interview on FT Energy Source with Amrita Sen, oil analyst at Barcap, captures in one choice quote what the entire issue with the investment community and the future of energy is:

"Despite a series of hurdles, the continued development of Canadian oil sands looks almost inevitable to us."

Right. If Barcap as a major investor decides that developing this dirty, hazardous energy resource is 'almost inevitable', placing it in the hands of some pre-determined fate, then...it will become so.

There's also a great exchange around the question of whether cutting oil subsidies would make renewable energy more competitive (obviously). Witness Sen's reply:

"This is a very interesting question."

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