The Traderszone Network

Published in TZ Latest News 8 December, 2016 by The TZ Newswire Staff

Why Rising Oil Prices Are Good for EVs and Renewable Energy

If you’re a fan of wind power, solar power, electric vehicles, or any other form of alternative energy or transportation, you should be cheering OPEC’s recently announced agreement to cut 1.8 million barrels per day in production from both OPEC and non-OPEC countries’ supply. Most of the reaction on the stock market related to oil stocks surging, but this is really great news for alternative energy as well. 

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