Sunday, August 9, 2015

Price of oil staying low

The price of oil is really low right now. That means that energy consumption is cheaper and easier, and unfortunately it's pretty bad news for renewable energy sources, which at this point are even more expensive by comparison. Perhaps the only good news is that this takes a lot of power away from OPEC and from repressive governments from Venezuela to Saudi Arabia and Russia, who rely heavily on their oil exports to support their policies.

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