Stranded oil of Erewhon

Recently, there has been an expression of concern that vast quantities of oil must remain in the ground because of anticipated action on climate change. A consequent fall in share values of international oil companies may threaten pensions, small investments and even the stability of the financial system. The threat is held to warrant policy intervention to provide more information to small investors. Consideration of the technology of oil extraction and of the options available to oil companies suggests that there is little basis for the concern.