Sunday, October 26, 2008

Low Oil Prices Take Wind Out Of Renewables

Low Oil Prices Take Wind Out Of Renewables from the SF Chronicle.

I am afraid of this.

Interesting quote:

"So if you believe that we are about to enter a rather severe global recession ... then my guess is it won't be long before oil prices are back where they were before this spiral began, back in the $20s," said Jerry Taylor, senior analyst with the Cato Institute think tank. "And political interest in energy will disappear."

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