No Naked Short Selling=>No Short Selling at All=>No Future Energy?
If ALL short selling is truly banned, whether it be for a week, a month or a year, the capital markets as we know them will cease to function, which will cause subtle but urgent danger to the future security of our energy supplies.
in a world where renewable energy infrastructure needs urgent and massive scaling, and access to high quality fossil reserves is getting more expensive by the year, functioning capital markets will be vital to this transition.
in a world needing financial capital for energy, we will also need the ability to vote against smart, optimistic, confident entrepreneurs that promise new energy futures based on prototypes. The aggregate hedge fund/short seller will suss out the true value of these new energy technologies, and buy them if for real, and sell them short if they are like most new 'green' energy companies - good on an empty planet, but lacking scalability
clipped from: www.theoildrum.com 