Why Lower Oil Prices Aren’t Bad for Clean Energy

Here’s an article in Forbes that makes the same point that I do in chapter eight of my new book: Bullish on Renewable Energy, i.e., volatility has a cost.

The cost of energy from fossil fuels depends on the cost of the fuels themselves, which fluctuates according to market pressures, and we’ve seen extreme volatility over the past few decades.  By contrast, not only are renewable resources free, but perhaps best of all, that can’t change; there will never be a cost associated with absorbing energy from sunlight or the wind.  Not only does this concept of free fuel bring peace of mind, it saves a ton of money associated with hedges, purchasing futures, etc.