The importance of oil and gas will obviously decline over time as the cost of extracting marginal deposits will push demand down, but a lot of the current clima

The importance of oil and gas will obviously decline over time as the cost of extracting marginal deposits will push demand down, but a lot of the current climate change posturing is just that, posturing. People in the developed world love their high-carbon lifestyles and there is no viable alternative to oil/gas in the near to moderate term that will allow those lifestyles to be maintained at current levels. Oil and gas companies aren't going out of business any time soon, and I expect them to do quite well over the next decade or so, as climate activism causes them to reduce investment in future production, leading to future price increases. Also, to preempt some criticism: I'm not saying AGW isn't real. I'm saying we won't stop using fossil fuels despite AGW because there is no other way to maintain our populations and living standards at such high levels, at least without a complete overhaul of the entire economy (everything depends on oil and gas in our globalized world).