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Seven Reasons Cheap Oil Can't Stop Renewables Now

2015-02-13 03:46:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Oil prices have fallen by more than half since July. Just five years ago, such a plunge in fossil fuels would have put the renewable-energy industry on bankruptcy watch. Today: Meh. Here are seven reasons why humanitys transition to cleaner energy wont be sidetracked by cheap oil. 1. The Sun Doesn't Compete With Oil Oil is for cars; renewables are for electricity. The two dont really compete. Oil is just too expensive to power the grid, even with prices well below $50 a barrel. Instead, solar...

Tags: now stop reasons cheap

Category:Electronics and Electrical

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