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 humanity’s transition to cleaner energy won’t be sidetracked by cheap oil. 1. The Sun Doesn’t Compete With Oil Oil
Jobs cuts and cancelled projects mean that oil prices could bounce back harder and faster than before Is the return of $100 oil just around the corner? Just over a year ago, Peter Voser, in one of his last speeches as chief executive of Royal Dutch Shell, warned about the catastrophic consequences that could arise
One of the things my readers ask me most often, in response to this blog’s exploration of the ongoing decline and impending fall of modern industrial civilization, is what I suggest people ought to do about it all. It’s a valid question, and it deserves a serious answer. Now of course not everyone who asks
Folks who pay attention to energy and climate issues are regularly treated to two competing depictions of society’s energy options. On one hand, the fossil fuel industry claims that its products deliver unique economic benefits, and that giving up coal, oil, and natural gas in favor of renewable energy sources like solar and wind will
Jeremy Grantham is not a believer in the shale fracking boom. Back in November, we highlighted Grantham’s full quarterly letter to GMO clients, in which he said, among other things, that the US shale boom had been “a very large red herring.” So while some say the fracking boom has helped keep oil prices low
Dr. Robert I. Bell proposes that instead of Cap & Trade or taxing carbon, governments instead reward investment in renewable energy by removing taxes that penalize investors. Although millions of persons obviously are aware of the magnitude of the climate crisis, no one seems to know how to get out of it. The current public
LEVA’s Ed Benjamin enumerates the many reasons that plummeting oil prices will not only be short-lived, but that multiple other drivers will compel a shift to electric vehicles As I write this, the price of Brent Light Crude is $51.35 / bbl. That is down from about $110 / bbl. 7 months earlier. Filling a
The fall in the price of oil and gas provides a once-in-a-generation opportunity to fix bad energy policies MOST of the time, economic policymaking is about tinkering at the edges. Politicians argue furiously about modest changes to taxes or spending. Once in a while, however, momentous shifts are possible. From Deng Xiaoping’s market opening in
If you thought low gas prices could kill the electric vehicle revolution, the industry’s record sales in December will come as a big surprise. According to InsideEVs, 12,874 EVs were sold in the U.S. during December, more than any month in history. This comes as gas prices were plunging toward $2 per gallon. We shouldn’t
Many companies are considering providing workplace charging for their employees and finding they are in new territory with many options to consider. We at Plug In America would like to share what we have learned having been involved for over 10 years in both using charging infrastructure as drivers and advising site hosts of all
