Oil prices fall, will it affect the Renewable energy Sector?

by / Tuesday, 02 December 2014 / Published in Smartgrid-CI Blog

The prices of oil have plummeted. IT is now just $60/ barrel as compared to $100/ barrel in July in USA…

By SNEHA SHAH

Let’s see who all will be affected. Oil is a major driving force behind our lives. The whole transportation and manufacturing industry will surely be affected. People are expecting the cost of travel to come down. However, the oil rich countries of Middle East, Saudi Arabia have decided not to curb the oil supply, in hope that the prices will go up again. The economy of these countries depend on oil prices.

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