Quote:
Originally Posted by Table 5
Maybe for the short-term they would. But if alternative energy sources are fast-tracked with more funding and research due to high oil prices, then the long-term prospects for oil are not very good. If it comes to the point where there are better alternatives (and that probably is only a matter of time) that are cheaper, cleaner, and don't handcuff countries to the shady middle-east, why stick with oil?
|
I believe R&D spending and start ups usually tank during a recession, don't they?
The dot com crash was a little diff and helped the solar energy market, because of the excess supply of semiconductors that wasn't being bought for the high-tech made it available for solar energy companies to buy.