High Oil Prices Can Help the Environment
As the northern winter draws closer, surging fossil-fuel prices have left many consumers worried. But there may be a silver lining in the form of more aggressive US efforts to tackle climate change – provided the political will for such measures exists.
https://prosyn.org/e3GQAqz
CAMBRIDGE – Prices of fossil fuels increased sharply in October. European prices for natural gas hit a record peak. Prices for thermal coal in China have also reached all-time highs. The price of US crude oil is above $80 a barrel, its highest level in seven years, prompting US President Joe Biden’s administration in August to call on OPEC and other major oil-exporting countries to increase production.