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Residential Solar Energy and Oil Price Decline
By Solar energy | November 14, 2008
Residential Solar Energy and Oil Price Decline
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The push to incorporate renewable energy in our home was spurred on by the exorbitant summer energy prices. Solar energy moved from the dreaming stage to the action stage. Indeed, the higher oil prices made solar and other renewable energies more economically feasible.
Today, with the current credit climate and falling oil prices, some fear doom and gloom for solar energy and OPEC tinkers with reducing oil production in order to increase oil prices.
The decrease of oil prices has given us a breather. I confess my delight at finding gasoline below $2 a gallon. This reduces the pressure on my home energy budget. Less money spent at the gas tank means more available for my home energy provider.
However, we must not be lulled into thinking oil prices will remain low. Mr. Obama will not save us. Neither will Congress. Neither will Wall Street.
Take control of your own energy future. Keep pressing on toward renewable energy for your home. Practicing conservation and efficiency and using renewable energy is still the best course for the planet and our home energy budget.
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Topics: Renewable Energy Politics | No Comments »