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Rising crude oil prices, likely to boost alternate energy’s future

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Rising crude oil prices is likely to boost the future of alternate energy. Now when crude oil prices are about to touch an all-time-high of $100, a barrel (almost), this will help researchers to invest more in alternate energies, because the cost of developing them exceeds the profit potential. However, as the price of crude is climbing, so too are the incentive — and the capital — to find alternatives. Alternatives like bio fuel, plug-in-hybrids and other forms of fossil fuels, such as methane hydrates and oil shale (though too expensive to develop).

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