Oil prices plummeted again Thursday, falling under $70 a barrel for the first time in more than a year.
That kicked OPEC into action--the oil cartel moved up its emergency meeting to October 24, where it will study a cut in oil production in a bid to halt crude's slide. OPEC is trying to prop up oil at between $70 and $90 a barrel, Bloomberg reports, but fears that global demand will fall next year keep pushing crude prices lower.
So which is scarier for clean energy? The financial meltdown and the credit crunch, or oil in the $60s?
Read the full story here.
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