These are still very acceptable gas prices. Here in Europe, we've been paying around $6.50 per gal for the last couple of years and currently prices are around $7.80 per gal.
The flipside of the coin here is that we all become more aware of our dire needs for fossil fuels. Given these "high" prices, let's hope this impacts our behaviour and accelerates the global energy transition.
The energy transition is bound to happen. The things for the policymakers to take note:
1) We need a smoother transition instead of an abrupt, pulling-the-plugs on all phases without a proper, well-thought plan which will lead to volatility in energy price.
2) Invest in technology breakthroughs that will be able to bring down the prices of green/sustainable energy while improve its reliabiltiy and efficieny.
These are still very acceptable gas prices. Here in Europe, we've been paying around $6.50 per gal for the last couple of years and currently prices are around $7.80 per gal.
The flipside of the coin here is that we all become more aware of our dire needs for fossil fuels. Given these "high" prices, let's hope this impacts our behaviour and accelerates the global energy transition.
Thank you for reading, Digital Alchemist!
The energy transition is bound to happen. The things for the policymakers to take note:
1) We need a smoother transition instead of an abrupt, pulling-the-plugs on all phases without a proper, well-thought plan which will lead to volatility in energy price.
2) Invest in technology breakthroughs that will be able to bring down the prices of green/sustainable energy while improve its reliabiltiy and efficieny.
Very nice explanation. Thank you!
Thank you for reading Lesie Devil！ Really appreciate it. I am glad that you find the reading enjoyable!