Quotes About Price collapse

I think the fossil fuel industry is genuinely freaked out by the combination of the price collapse, the divestment movement, and that fact that renewable energy is getting so cheap so fast.

When there is a surplus of money chasing assets such as homes, stocks, or bonds, prices rise and interest rates fall. Eventually prices reach irrational levels, and then they collapse. Money becomes scarce, and inefficient businesses are forced to shut down. Efficient businesses survive, and the cycle starts again. This has been repeated over and over since modern capitalism arose.

The price collapse was slowing the development of new supplies. Low prices were also stimulating demand. In 2015, the growth in world oil consumption was more than twice what it had been in 2014. With cheaper gasoline, the share of SUVs and light trucks sold in the United States rose from under the 50 percent it had been in 2012 to 60 percent in 2015.