Justin Fox, Columnist

Oil Gets More Expensive. Batteries Keep Getting Cheaper

With every uptick in the price of oil, the optics for batteries just keep getting better.

March 15, 2026 at 12:00 PM UTC

Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of “The Myth of the Rational Market.”

Australia's electrical grid costs are at post-Covid lows. — Australia's electrical grid costs are at post-Covid lows.
Photographer: Bloomberg

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I’m Justin Fox and this is Bloomberg Opinion Today, a less-than-$100-per-megawatt-hour distillation of Bloomberg Opinion’s opinions. On Sundays, we look at the major themes of the week past and how they will define the week ahead. Sign up for the daily newsletter here.

OK, maybe not everything. If you want to read about something that doesn’t seem to be going well at all, we had 30+ columns (and an editorial and many videos) last week about the Iran war and its effects.