I have been writing a lot about the price of oil, but only because not enough is being done to protect the health and wealth of humans and the environment. Since not enough is being proactively done we have to wait for the markets to signal investment in alternative energies. What economists are really trying to say in this scenario is that as long as oil is cheaper than wind or solar power there will always be large numbers of humans that will accept the cost to themselves and their environment for prices to be lower in the current moment.
This is an article from the "christian science monitor" commenting on how great it is that oil prices are low and expected to be low in the next year.
These two articles from "business week" are about decreased investment in a sustainable economy because of low oil prices, and this one is about Obama trying to do something governmentally about a market that is not signaling the long term costs and supplies of energy sources.
Friday, December 26, 2008
12/26/08: Oil prices, Oil prices, Oil prices
Labels:
alternative energy,
economics,
Obama,
Oil prices,
price signals,
sustainable
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