With falling oil prices, and a worldwide recession looming, OPEC slashes output, and crude still retreats.

The decline in crude comes despite OPEC’s announcement it would cut production by 2.2 million barrels, on top of the two million barrels cut in September, for a total cut of 4.2 million barrels – its largest cut in its history. The cut brings the cartel’s daily supply target quota down to 24.85 million barrels a day.

Many people have become “complacent” since the price of oil has dropped more than 60% in the past 6 months, but smart businesses and people are using this time to develop alternative energy resources for their businesses and homes so they won’t feel the pain when the price rises again.

Even in the midst of the financial markets, there is still strong support for clean tech and alternative energy project funding. These projects need funding so they can bring the technologies to market that will generate energy from alternative sources and reduce our dependency on foreign oil.

KAS Consulting is one such funding source that has access to investment banks that have funded over $12 Billion Dollars of energy projects and companies. They have solid management and a team of advisers that will position your company for funding. They have recently set up their green energy blog to discuss issues and ideas that are facing the industry today.
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