How Cheap Oil Prices Could Slow the Transition to Clean Energy

Doug McIntyre and David Callaway discuss how the current low oil prices, with crude below $70, hinder the shift towards renewable energy sources like solar, wind, and electric vehicles. As oil becomes more affordable, it reduces the economic motivation for consumers and industries to invest in cleaner alternatives. They point out that while the transition to clean energy will still happen, its pace slows when traditional energy is abundant and inexpensive, delaying the broader adoption of green technologies.