The explosion of another oil rig in the gulf made me think about the monetary cost versus the actual cost of fossil fuel production. When compared to renewable energy resources, the fossil fuel industry argues for its survival by touting the cost effectiveness of burning coal, oil and natural gas.
Today's question is an easy one:
Can we as a population, using elementary-school economic principles, imagine a scenario in the future where renewable energy sources may be more cost effective than fossil fuel?
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Keep it civil and pg-13, please.