The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
photos courtesy of Ridgewood Village Manager Keith Kazmark
the staff of the Ridgewood blog
Ridgewood NJ, according Ridgewood Village Manager Keith Kazmark, “despite the rain, a crew of volunteers were out this past weekend with our Shade Tree Commission, planting saplings in the Orchard section of the Village. Thanks to all those who lent a hand promoting this important effort.”
photos courtesy of Bergen County Executive Jim Tedesco
the staff of the Ridgewood blog
Woodcliff lake NJ, to celebrate Earth Day, Bergen County Executive Jim Tedesco joined Veolia for the unveiling of an 11-foot sculpture of a massive fish named Finn at the Woodcliff Lake Reservoir to highlight conservation efforts. Constructed from repurposed metal, Finn encourages residents to recycle and is large enough to hold more than 15 trash bags of plastic bottles.
New era of cheap oil ‘will destroy green revolution’
The collapsing oil price that is reshaping the global economy could derail the green energy revolution by making renewable power sources prohibitively bad value, experts have warned.
Oil tumbled below $60 a barrel for the first time in more than five years yesterday – a fall of 44 per cent since June. It is forecast to fall further.
A new “era of cheap oil” would be good news for consumers and motorists – but analysts say the consequences for politics, industry and the climate could be even more radical.
The ripple effects could help the Conservatives to remain in power at next year’s general election by making voters feel richer as bills fall – while hurting Scotland’s oil-reliant economy and setting back its campaign for independence.
The falling prices could damage the North Sea and fledgling fracking industries and make it harder for the UK to hit its legally binding targets to cut carbon emissions. But the biggest threat posed by falling oil and gas prices – in the UK and globally – is to the renewable energy industry dominated by wind-, solar- and hydro-power, experts say.