Internal Combustion Ban coming to California

“To reach the ambitious levels of reduction in greenhouse gas emissions, we have to pretty much replace all combustion with some form of renewable energy by 2040 or 2050,” Mary Nichols admitted in a September 26, Bloomberg interview. Nichols is the chairman of the California Air Resources Board.

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13 Threats to Oil Companies

Expect to see a vast amount of consolidation and centralization in oil in the near future. This means that a lot less money will be made and many investors will abandon oil stocks completely in the years ahead.

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