Bill McKibben believes the fossil fuel bubble is ready to burst and is overvalued; however, he is gambling that he can change the market.

Investing is really a gambling game. You are placing you’re your money on a bet and a series of strategic steps. If you weigh the odds, and your own instincts, you can stand to win big or lose big.

I tend to stand in the class that believes gambling is a game of skill.  If it were more luck-based, then I would win a hand from time to time; despite being named Kenny Rodgers (poor Gambler reference I know). Investing is a skill-based game as well. Understanding the market, what other players are doing, and a bit of luck, you can win and increase your future investments. When you are on a solid winning streak, and the market is continuously reinforcing your strategy, you tend to stay at the table.

The last 10 years or so, oil and gas have been the American Pharoah in the marketplace. Outperforming expectations and increasing in value, oil and gas have stimulated our economy beyond our expectations through jobs, consumer savings, and our newfound export ventures to other countries.

The marketplace is susceptible to influence when collusion and unfair practices reign unchecked and we are seeing this happening now based on flawed ideology. Recently, Bill McKibben, a 350.org founder and radical tyrant who often supports extremists as covered here, wrote an op-ed on in the NY Times on how investment in fossil fuels should come to a halt. Claiming fossil fuels are a bubble ready to pop, he advanced the premise the only truly safe investment was in renewables. McKibbenp, in fact, has been pressuring investors everywhere to pull out of the fossil fuel markets.

Read more:

http://naturalgasnow.org/bill-mckibben-wrong-fossil-fuel-bubble/