American Economy Damages Future of Renewable Energy

http://energybusinessdaily.com/2008/11/american-economy-damages-future-of-renewable-energy/

Considering the vast sums of cash allocated to bank bailouts coupled with a sharp decline in tax revenues, many analysts are skeptical as to whether or not the future president, Barack Obama, will be able to fund the alternative energy proposals around which he campaigned.

Unheard during recent times, alternative energy developments will now have to compete in the arena with other urgent requirements for government financing.

Oil prices prove to be an obstacle in the road to cleaner energy.

With such a large percentage of the world depending on oil and gas for electricity, heating and transport, the cost of oil inevitably determines the manner in which investors view the economy. Since the summer, oil and gas prices have dropped at a phenomenal rate as a direct result of the looming recession.

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http://energybusinessdaily.com/2008/11/american-economy-damages-future-of-renewable-energy/