Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.

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Falling Down: Enviros Shouldnt Sweat Lower Oil Prices

Posted on October 06, 2008

Falling oil prices generally arent good news for environmentalists. Higher oil and gas prices, after all, have poleaxed American demand for gasoline this year and made hybrid cars even more popular. But could there be a green lining to crudes downward march?Cheap is relative (OPEC)Theres the obvious environmental upsideunconventional but dirty resources like tar sands suddenly become unattractive for oil companies when the oil price drops below a certain level. But that kind of benefit is self-correcting; as unconventional projects are shelved and oil supplies tighten, prices rise enough to ma...

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