Tuesday, October 14, 2008


Another Down Side to Cheap Oil

When crude was skyrocketing a few months ago, each day saw a growing incentive for investment in renewable energy. Further, there was still plenty of credit to go around. But now the world economic system is doing a slow crash. Fossil fuel prices are coming down, and credit is drying up. This considerably weakens the incentive and the means to invest a lot of money in alternatives. Here is an article that touches on this problem.

So again, cheap oil indeed brings down prices at the gas pump, but examining the ramifications of cheap crude reveals that it creates other problems.

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