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Oil supplement: bad news for the green dream

Cheaper oil will only increase our petro-dependency

By Paul Bledsoe   February 2015

Flooding in Bangladesh: what does cheap oil portend for global agreements on climate change? © Stockbyte

Good economic news, at last. The 50 per cent freefall in oil prices is a huge “shot in the arm for the global economy,” as the International Monetary Fund put it, boosting worldwide spending and employment everywhere but petro-states. United States growth has hit a 10 year high to an annualised 5 per cent; Americans will save an average…

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