Wednesday, September 7, 2011

Go for renewables, forget about oil

Instead of focusing on how to ensure rapid renewable energy development world looks more worried about the fact that oil reserves are running out, in fact major oil companies are already planning massive oil exploration in Arctic.

Of course, the environmental price of this hunger for more oil will be enormous but this will mean very little to oil companies in their search for high profits.

The billions of dollars used for oil exploration of Arctic area would be more wisely used for developing new renewable energy technologies but politicians care very little about this. After all, oil lobbies are the ones controlling the global politics.

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