The real price of oil.
Once again, the press is reporting an event in doleful tones as if it’s terrible news, but I’m jumping for joy. Exploration of oil has dropped significantly due to lower demand and the fact that the production costs don’t make sense with the current low sales price for oil. For people with the old mindset, that means we may have to pay more in the future for oil as demand goes back up and supplies are low, causing a serious escalation of price at the pump.
Fantastic!
If you look at it from the new mindset, this economic shift provides more incentive to develop alternative fuels because they will be able to compete on price. And the fact that consumption is down means that the emission of greenhouse gases is down as well!
About Me
- Kip Richardson
- Kip is a LEED Accredited Professional. His articles on sustainable design have appeared in national publications such as Hospitality Design Magazine, Contract Magazine and Development Magazine, as well as local newspapers such as The Business Journal. His passion for the subject combined with his background as a performer have made him an engaging and sought after speaker. He has spoken about green design at conferences across the country, including the American Hospitality and Lodging Association at the Jacob Javits Center in New York, NY; Green + Design, Atlanta, GA; Hospitality Design Expo, Las Vegas, NV: HD Boutique, Miami, Florida; the Vancouver Sustainability Conference, Vancouver, WA; and the Wells Fargo Green Team Initiative, Portland, Oregon.
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