Why Lower Oil Prices Won't Kill the Renewable Energy Boom

Whenever oil prices drop, everyone wonders how it will affect wind and solar power. It follows from the traditional assumption that renewables are only competitive when oil and natural gas prices are high. After all, the early stages of wind and solar power came with a hefty front-loaded price tag, requiring huge government subsidies to producers and end users to get off the ground. The post Why Lower Oil Prices Won't Kill the Renewable Energy Boom appeared first on Money Morning - Only the News You Can Profit From .