Is falling crude prices bad news for alternate energy?
How much of a setback will crude at $65 be for solar, wind and other energy efforts…should governments savagely tax crude and oil products to keep their consumer prices from falling…if they do not act, the risk is that most alternate energy projects will get rolled back, fresh investments and R&D will vanish and climate correction initiatives will fall behind by a few decades…which may well be beyond the point of no return for greenhouse gas led global warming. The greatest danger from the current financial crisis is that it gives an excuse to take the eye off the ball in regards to climate change. sanjay9negi@hotmail.
