Falling Oil Prices Damages Clean Energy

An entrepreneur believes that Saudi Arabia is encouraging falling oil prices to hurt clean energy industries. “Before the oil price collapsed, solar was actually cheaper [than oil]. If oil goes down to $30-$40 a barrel, then it will make it much harder for clean energy. Governments are going to have to think hard how to adapt to low oil prices,” Richard Branson says.

http://www.theguardian.com/environment/2014/dec/16/cheaper-oil-could-damage-renewable-energies-says-richard-branson

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s