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Energy Quote of the Day: 'Lower Oil Prices will Make it More Difficult to Achieve Climate-Change Goals'

135th Meeting Of The Organisation Of Petroleum Countries (OPEC) Conference

The Saudis have stated that their goal in maintaining current oil output and export volumes has been to protect market share against foreign rivals.

The Saudi’s rivals are not limited to other oil producers though, they are also striving to undermine clean energy technologies and climate change policies.

“Lower oil prices are going to make it more difficult to achieve climate-change goals,” said Alan Krupnick, co-director of the Center for Energy and Climate Economics at Resources for the Future, a nonprofit Washington research organization.

“In the short term, people will drive more. In the longer term, it can affect investment decisions,” Krupnick said. Some drivers and car-fleet managers will think twice about paying for zero-emission vehicles “because the cost savings will be lower.” – As reported by the Washington Post

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Ed Dodge's picture

Thank Ed for the Post!

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Bob Meinetz's picture
Bob Meinetz on February 1, 2015

Ed, you write “they [the Saudis] are also striving to undermine clean energy technologies and climate change policies.” I don’t doubt it, but can you give any specifics?

Ed Dodge's picture
Ed Dodge on February 2, 2015

Bob, it was reported in the Washington Post article I was quoting. The link is in the article.

“As the ruler of a country that sits atop 300 billion barrels of oil, Saudi Arabia’s King Abdullah was no fan of proposals to limit the burning of fossil fuels. During most of his reign, the king’s chief envoy to climate talks was a ­global-warming skeptic who boasted of his success at scuttling climate treaties.”

That said, the Saudis have invested substantially in solar power as well.

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