Continuing this post, the Green New Deal will invest in renewable energy, which development will drive the price of oil down to $10-$20 per barrel to be competitive as a transport fuel. Long-term that is reduced to $9-$10 per barrel. Less demand for oil, less war. And more health and well being for all. According to this article:
"The new research, from BNP Paribas, says that the economics of renewable
energy make it impossible for oil to compete at current prices. The
author of the report, global head of sustainability Mark Lewis, says
that 'renewable electricity has a short-run marginal cost of zero, is
cleaner environmentally, much easier to transport and could readily
replace up to 40% of global oil demand.'"
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.