Oil prices have hit rock bottom, and will continue to stay inexpensive for the foreseeable future. While many are crying foul that the fall in oil prices is the start of a doomsday clock for renewables, rest assured it isn’t. Though oil prices are tumbling, electricity prices are climbing, so rooftop solar is still a good idea. Energy storage is one of the largest hurdles renewable tech needs to overcome, but the future is bright. Analysts say that energy storage will become a $400 billion market by 2030. Finally, oil might be cheap in terms of dollars and cents, but is extremely costly in terms of the impact it has on our planet. Don’t give up on renewables, they’re the path to a clean, green future.
Falling oil prices won’t hurt solar
More of Today's Solutions
MIT engineers convert soda cans and seawater into zero-emission fuel
BY THE OPTIMIST DAILY EDITORIAL TEAM In a breakthrough for sustainable energy, MIT engineers developed a way to produce hydrogen fuel from ordinary elements ...
Read MoreResearch reveals that ADHD may have given us an evolutionary edge
In an unexpected twist, features formerly associated with Attention Deficit Hyperactivity Disorder (ADHD) are now being studied via an evolutionary lens. A new study ...
Read MoreThe science behind the top 2 personality traits people look for in romantic p...
In a world dominated by superficial characteristics, a recent study published in the Archives of Sexual Behavior offers a novel viewpoint on love preferences. ...
Read MoreMicrowave magic redefines lithium recovery in batteries
BY THE OPTIMIST DAILY EDITORIAL TEAM As the need for rechargeable technology—from smartphones to electric vehicles—increases, so does the demand for lithium. This rare ...
Read More
