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If Oil Tumbles Lower, Will It Take Green Energy with It?
Posted on September 29, 2008
Image via WikipediaToday is Monday, September 29, 2008, a day that will live, well, infamy is not harsh enough for it...the bottom fell out and the Dow dropped to 10,365.45, -777.68 (or -6.98 percent.) Meanwhile, November crude fell $10.52, or 9.84 percent, to settle at $96.37 a barrel, trading from $95.04 to $106.91.Could we be heading for $80/barrel? And, if so, what then?Will it take renewable energy with it? Or will there be enough of a bounce from renewable energy tax credits to keep up momentum? (That is, if Congress gets back to the energy tax credits Bill again this session! See ...
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