ApocaDocs: New era of cheap oil 'will destroy green revolution'

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Posted Sat Dec 13 2014: from The Independent (UK):


	New era of cheap oil 'will destroy green revolution' http://apocadocs.com/s.pl?1418441951 The collapsing oil price that is reshaping the global economy could derail the green energy revolution by making renewable power sources prohibitively bad value, experts have warned. Oil tumbled below $60 a barrel for the first time in more than five years yesterday - a fall of 44 per cent since June. It is forecast to fall further. A new "era of cheap oil" would be good news for consumers and motorists - but analysts say the consequences for politics, industry and the climate could be even more radical. The ripple effects could help the Conservatives to remain in power at next year's general election by making voters feel richer as bills fall - while hurting Scotland's oil-reliant economy and setting back its campaign for independence.

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'Doc Jim says:

Let's rethink ourselves, and rethink that again.