In 2014, record low prices for solar panels fueled a solar boom. The U.S. alone installed 30% more solar photovoltaic capacity than in 2013, making last year the biggest ever for solar PV, according to the 2014 Year-in-Review Solar Market Insight report from GTM Research and the Solar Energy Industries Association. Industry analyst Tam Hunt argues that in a few years, … [Read more...]
Whatever happened to $200 oil?
Four years ago, when I was still chief economist at CIBC World Markets, I forecast that global economic growth was on pace to send oil prices to $200 a barrel by 2012. In short, the argument was based on a supply-driven analysis that weighed the sources of future oil supply against the prices that would be needed to make the extraction and processing of that oil economically … [Read more...]