Well, look at us bloggers, all spiffy on the takepart front page, being all important and whatnot. And, if you’ve read us at all in the past, you know it’s times like these I like to lay down a big old buzzkill. You may have noticed gas prices going down recently, which of course is tied to the price of oil, and you’re all thinking, hey, great, I can drive again. Sweet deal.
Not so fast there, speedster. Nobuo Tanaka, the head of the International Energy Agency, has proclaimed that even with this dip in prices, “The low energy price age is over.” The New York Times also reports that Christophe de Margerie, chief executive of a French oil company, has a bleak outlook as well.
Mr. de Margerie said that when oil prices bounce back, they could reach unprecedented levels, making it wise for investors to keep investing in alternatives.
So, on the plus side of all this, though, is that this may lead to more investment in alternative energy. But once again, not so fast there tree hugger. Because of this credit crunch, lending’s all but stopped, and there may not be a whole lot of capital to go around for everyone. And therefore, maybe not so much with the building up of green infrastructure.
Here’s the breakdown: gas prices are down right now, which is good for your wallet, but bad for the environment. Meanwhile, the economy had been good, which was good for your wallet and the environment. But the economy is and will be bad, which is bad for your wallet and bad for the environment. But it will then get better, which will be good and bad for your wallet and good for the environment.
And I am confused.
Anyhow…I guess takepart here to learn how to save energy at home, which is good for your wallet and the environment. That seems simple enough, no?
CATEGORIES: Environment
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