Oil prices continue a downward spiral. Oil has dropped to $58 from a high of $70. We have been saying on Cleantechblog for sometime that the oil market was overheated.
Big questions of the day – how does this impact cleantech? A couple of quick thoughts.
– Can a prolonged slide in oil prices and gasoline (I’m now back down to $2.25/gal in California) take the edge off of the hot California hybrid car market?
– Part of the slide is due to warmer weather in key markets. If natural gas prices (still holding up well) follow suit in the US, will that impact solar system demand?