Cheap oil at less than $50 a barrel will be the death of many renewables. When they are gone they will put it up to $100 plus.
Oil up on nothing else but QE and the trillions of stimulus they pushed into the sinking economy, they will tell you otherwise.
Just wait for the end of March when the cave dweller terrorists come out of hibernation. They must be pissed trying to undercut the market with their stolen oil.
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% Great points; I remember as a kid, leaded gas was priced @ $ 00.29 and 9/10. That is the funny part the bulls just ''KNEW'' oil had to go UP.LOL WE [some, in US] can make money selling oil @ 28 bucks a barrel.Leveraged co can get in trouble quick, regardless of price, NOT a prediction; I remember reading ,, T Boone Pickens, as a kid, used to climb UP the gas pole + lower bids[gasoline low price WARs],LOL] Some of the powers that be in US, have asked Arabia to lower price of oil; sure that's old NEWS, but still up to date news[TREND]