Remove 2004 Remove Cost Of Remove Oil Remove Oil Prices
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Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. Brazil, the largest and most populous country in South America, was importing 80% of its oil and 40% of its foreign exchange was used to pay for that imported oil.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year. Oil and renewables do not directly compete for power investment dollars. Europe was the first mover in clean energy, but it is still in a process of restructuring those early support mechanisms.

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