Stranded assets: Real issue or just another narrative?

The term “Stranded Asset” itself is already much of an oxymoron. If it’s stranded, it means that it cannot be economically exploited. This means it ain’t worth anything. It’s the discussion of what’s worth more on a deserted island. A diamond or a sack of potatoes? It all depends on the circumstances. There are giant oil and gas fields in the Russian Arctic that we know of but that are so expensive to develop that the market would never provide the revenues to cover the cost. Are they an asset? They are certainly stranded.

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