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Oil, even at current prices, is significantly more expensive than natural gas and coal for generating electricity. Apart from remote communities oil isn't reall
by nimos 11y ago
Oil, even at current prices, is significantly more expensive than natural gas and coal for generating electricity. Apart from remote communities oil isn't really used to generate electricity. Oil is valuable because of gasoline. Solar/Wind/Nuclear are competing in a completely different market.
The real threat to the medium/long term value of oil is a good battery.
- deleted 11y ago[deleted]
- netcan 11y agoIt's a problem to consider these separate. All energy and certainly all carbon fuels are fungible to a degree. Oil is easier to transport and bottle. Gas is more location and infrastructure dependant. If Gas prices rise or oil prices drop, we'll use oil for electricity generation too.