5 replies to this topic

[opentoinvest]

Anyone been following the news about Black Monday and the crash in the Chinese stock market?

I have been looking for information on its impact on the conventional and renewable energy investment sector. This is all I could find, an article published by EnergyDesk Greenpeace.

"An unprecedented collapse in Chinese shares sent tremors through financial markets on Monday, triggering a really bad day of global trading since the depths of the financial crisis eight years ago.
Billions were wiped off indices across the world in a frenzied day of selling which saw the Shanghai composite suffer an 8.5pc decline, its worst one-day performance since 2007.
With global stock markets on a downward spiral, everyone is feeling the pain, including the world’s fossil fuel giants. This due to the Chinese factory sector shrinking at its fastest rate (and using a lot less energy) in almost 6-1/2-years in August, hammering global stocks and commodity prices!"

http://www.opentoinv...-and-oil-giants

**Mod note-put above text in parentheses because it's a direct quote from their article.

[Shortpoet-GTD]

It's hard to give a rat's *&^$% about china, coal or oil giants but we know their downturns affect the world's market.
It's a shame that so many people lost money over the past few days; but that's the risk they take.

But china will pick up the pieces and recover. They are already taking steps to embrace renewables (and about time).
http://energydesk.gr...newable-energy/

[opentoinvest]

Frightening statistics: "The recent downturn in China’s stock market wiped out an estimated $2 trillion of equity value from the world’s second largest economy, and sent world stocks and commodity prices tumbling in what has become known as ‘Black Monday’"

So according to Energy Desk here are the future predictions for renewables/cleantech industry:

- Chinese coal imports are only going to get worse
- Expots will be a major struggle for China
- Their attempt to encourage investment has already backfired
- Renewables are recovering faster than other stocks

Read more here: http://energydesk.gr...energy-markets/

[Shortpoet-GTD]

As we (the world economies) shift into renewables; there will be fossil fuel and stock market losses.
Oil companies are laying off folks too.
http://www.altenergy...lose-jobs-r4517

Like back in horse/buggy days-it's been that long since we made a shift;
an alternative energy shift (.com)

[reetasharma201]

I wish the world soon becomes oil and gas free so we can use some easily available and free option like solar energy for driving cars or may be air

[Shortpoet-GTD]

reetasharma201, on 23 September 2015 - 03:13 AM, said:

I wish the world soon becomes oil and gas free so we can use some easily available and free option like solar energy for driving cars or may be air

If they can move cans of money from the drive-up at the bank to inside the building; why not air tubes for cars?
(They used them to transport the elves in Polar Express)
It just takes the will to do it. (and $$$)