Seven Reasons Cheap Oil Can’t Stop Renewables

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from Bloomberg Businessweek,

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

2. Electricity Prices Are Still Going Up

3. Solar Prices Are Still Going Down

4. Sales of Plug-Ins Are Doing Just Fine, Actually

5. Pump Prices Haven’t Dropped as Much as Oil Prices

6. Oil Prices Won’t Stay This Low Forever

7. Global Investment in Clean Energy Keeps Flowing

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