Falling gas prices might be good for U.S. consumers in the short-term, but The New York Times reports that falling prices could derail efforts to expand alternative energy sources.
Advocates are concerned that if the prices for oil and gas keep falling, the incentive for utilities and consumers to buy expensive renewable energy will shrink. That is what happened in the 1980s when a decade of advances for alternative energy collapsed amid falling prices for conventional fuels.
NPR’s All Things Considered had a story today titled Why Are Oil Prices Sinking So Quickly? that made some of the same points.
Previously Posted
Economic Downturn and U.S. Energy Policy
