Our Energy Transformation in 2015
Failed to add items
Add to Cart failed.
Add to Wish List failed.
Remove from wishlist failed.
Adding to library failed
Follow podcast failed
Unfollow podcast failed
Prime members: New to Audible?Get 2 free audiobooks during trial.
Our Energy Transformation in 2015
Buy for $1.95
No default payment method selected.
We are sorry. We are not allowed to sell this product with the selected payment method
-
Narrated by:
-
Todd Mundt
-
By:
-
Richard Martin
About this listen
The ongoing decline in oil prices, which began as early as 2012, accelerated noticeably in 2015. The benchmark West Texas Intermediate oil price fell to $34.53 a barrel on December 18, lower than it’s been since before the financial crash of 2008, with no floor in sight. Goldman Sachs has predicted that oil could fall as low as $20 a barrel, a development that would cripple most oil-producing economies and have geopolitical ripple effects for years to come. At the same time, the price of natural gas remains near historic lows. Cheap oil and natural gas are conventionally thought to be negative influences on the adoption of renewable energy, lessening the incentives of businesses and consumers to give up fossil fuels. But that doesn’t seem to have slowed the shift away from fossil fuels in 2015.
©2016 Massachusetts Institute of Technology (P)2016 Massachusetts Institute of Technology