Experts are again predicting that we could soon be heading toward $100 oil, largely because of proposed U.N. trade sanctions against Iran that could curb its oil exports, further constricting the supply of oil to the world market. The $100 mark is a tremendous psychological barrier that, if cracked, would mean exciting days for cleantech investors.
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca
January 23rd, 2006 at 7:47 pm
Bring it on indeed. It has been clear for some time that few individuals are sufficiently motivated by altruism to change their behavior, and that economics must be an important driving force as well. Frankly, the sooner that oil hits $100 a barrel the better, as we need to get people serious about changing the way they tool around suburbia well before the oil runs out, not as we hit the bottom of the barrel.
Peter Reiner
http://clearthinkblog.blogspot.com/