Alternative Fuels Seek Balance Between Oil Price, Policy

摘要

Low oil prices have dealt a blow to the growth of alternative fuels, but official policies in several countries and climate change concerns have lent these products a buoy to weather the storm. When crude oil traded around $100 per barrel and gasoline and diesel were priced accordingly high, it was easy for consumers to see the benefit in alternative fuels, experts said. Now, with crude below $50/bbl and consumer prices for gasoline in the US just over $2 per gallon, market dynamics pose an additional hurdle for alternative fuels.