Multiple Trends Turning Slowly Against Oil, Says Rocky Mountain Institute

Oil well (photo by John Hill)

The cost of a barrel of oil is now just a fraction of what it was several years ago, and fuel prices have mostly fallen across the globe as a result. Oil prices rise and fall, but most industry analysts suggest that the emergence of North American production has loosened OPEC’s ability to set prices unilaterally. Still, we hear less about the… …read more