01 Nov '11, 10pm

Think New Clean Energy Costs too Much? Oil Cost $500 a Barrel at Startup

Think New Clean Energy Costs too Much? Oil Cost $500 a Barrel at Startup

Just as solar prices dropped by more than 70% in just the last few years, driven down partly by the demand created by the one-time Recovery Act investment by the Obama administration – and because the rest of the world (unhampered by Koch-funded plutocracy) has gotten serious about preventing climate change, and implemented much more sustained renewable energy policies – as more oil came on the market, the price of the new found “rock oil” from more wells dropped by about half, and then continued to drop as the industry established itself over the next fifty years.

Full article: http://cleantechnica.com/2011/11/01/think-new-clean-energ...

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Clean Energy Roundup: 10/28/11

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