Hurdles to Clean Energy

April 11, 2012

The plan to reduce dependency on fossil fuels is actually an old idea. As far back as 1995 a plan was established to replace oil with gas. However, this idea faded away over time because at that time the world price of oil was not even US$20 a barrel. As a result, no investors were interested.

Today turning away from oil is more of a certainty. The government cannot subsidize gasoline and diesel fuel much longer, as the price of crude oil continu

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