Anyway you look at it, the least damaging scenario is that oil will stabilize around current levels. and the market will not crash.
Until someone somewhere shows the blueprint of a truly feasible renewable energy alternative. Solars, PVs, Solar thermal, look good but storage and efficiency need billions of improvements.
Who is pouring enough dollars on improving efficiency of solar power systems, PVs as well as alternative methods in energy or electricity storage?
Is google the answer? not yet because they are only investing tens of millions on an industry that needs tens of billions.
But google could be the answer, they should test the grounds by saying they may increase their planned investment in renewables to a billion dollars and are open for discussions with other big investors who want to join forces.
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