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Peak Oil is You


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Page added on October 30, 2008

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Readily available credit and high oil prices were a boon for clean energy businesses. Fortune smiled on technologies like wind and solar when money was cheap, and when the gap in price between traditional fuels and low-carbon alternatives was narrow enough to make the alternatives look profitable.


But credit markets have seized up and the price of a barrel of oil has fallen nearly 60 percent since hitting record highs this summer. The picture now is much bleaker for clean energy, and concern is widespread among business leaders who are facing diminishing demand for environmentally friendly hardware and services.


That should make one of the chief messages to emerge from the annual Oil & Money Conference in London this week



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