{"id":2445507,"date":"2019-06-19T21:00:00","date_gmt":"2019-06-20T03:00:00","guid":{"rendered":"https:\/\/www.aspentimes.com\/?p=308207"},"modified":"2019-06-20T07:57:13","modified_gmt":"2019-06-20T13:57:13","slug":"fossil-energy-industry-in-decline","status":"publish","type":"post","link":"https:\/\/alwaysmountaintime.com\/kspn\/local-news\/fossil-energy-industry-in-decline\/","title":{"rendered":"Fossil energy industry in decline"},"content":{"rendered":"<p class=\"STND-STND BodyText\">This is a quick response to Chad Klinger\u2019s post on my letter to the editor regarding Mr. Beaton\u2019s column (<a id=\"N0x274c1b0N0x276b7c0:N0x274c1b0N0x25e7b20\" href=\"https:\/\/www.aspentimes.com\/opinion\/letters-to-the-editor\/aspen-columnist-might-be-divisive-but-misses-the-mark\/\">\u201cAspen columnist might be divisive, but misses the mark,\u201d<\/a> June 17, aspentimes.com). I need to respond this way because I refuse to use Facebook for privacy reasons.<\/p>\n<p class=\"STND-STND BodyText\">Mr. Klinger asked whether I was \u201cpushing science, investment, or public policy.\u201d<\/p>\n<p class=\"STND-STND BodyText\">The answer is none of the above. I simply observe. As a professional economist, I have studied energy for 50 years, served two presidents, taught at three universities and spent more than a decade at a major thinktank.<\/p>\n<p class=\"STND-STND BodyText\">I observe that the financial community has shut its door to the fossil energy business. In 1980 oil shares made up more than 25% of the value of the S&amp;P500. Today it is less than 5%. Whether right or wrong, those who believe that global warming is not a problem have lost the argument because investors have turned off the spigot. Just last week the CEO of Royal Dutch Shell made the very point to the Wall Street Journal.<\/p>\n<p class=\"STND-STND BodyText\">As I said \u2014 this is an observation.<\/p>\n<p class=\"STND-STND Letter Name\">Philip Verleger<\/p>\n<p class=\"STND-STND Letter Title\">Denver<\/p>\n<p><a href=\"https:\/\/www.aspentimes.com\/opinion\/letters-to-the-editor\/fossil-energy-industry-in-decline\/\" target=\"_blank\" rel=\"noopener noreferrer\">via:: The Aspen Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a quick response to Chad Klinger\u2019s post on my letter to the editor regarding Mr. Beaton\u2019s column (\u201cAspen columnist might be divisive, but misses the mark,\u201d June 17, aspentimes.com). I need to respond this way because I refuse to use Facebook for privacy reasons. Mr. Klinger asked whether I was \u201cpushing science, investment, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-2445507","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-local-news"},"acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-06-19 23:53:48","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"KSPN The Valley&#039;s Quality Rock","distributor_original_site_url":"https:\/\/alwaysmountaintime.com\/kspn","push-errors":false,"_links":{"self":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2445507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/comments?post=2445507"}],"version-history":[{"count":1,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2445507\/revisions"}],"predecessor-version":[{"id":2445520,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/posts\/2445507\/revisions\/2445520"}],"wp:attachment":[{"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/media?parent=2445507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/categories?post=2445507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alwaysmountaintime.com\/kspn\/wp-json\/wp\/v2\/tags?post=2445507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}