The shortsightedness of this article (and I guess business analysts in general) is breathtaking. Isolated, it might be positive for consumers, but any increase in the consumption of oil due to low prices should be feared. Celebrating Chinese buying more SUVs, the worst automotive fashion in the last two decades? Yeah, great.
We'll pay for these short term wealth transfers with a further uptick in warming and a huge shock in the future when no one's saving energy any more, renewable energy installations have come to a standstill and oil rapidly becomes more expensive again.
We'll pay for these short term wealth transfers with a further uptick in warming and a huge shock in the future when no one's saving energy any more, renewable energy installations have come to a standstill and oil rapidly becomes more expensive again.