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>One downside of cheap solar might be a drop in crude prices, resulting in its more frivolous use. I'd argue this logic is backwards. Only way solar can cause
by beefield 10y ago
>One downside of cheap solar might be a drop in crude prices, resulting in its more frivolous use.
I'd argue this logic is backwards. Only way solar can cause a drop in oil prices is by reducing it's demand. And if it is reducing the demand of oil, then the total demand of oil can't increase.
Further, only sustainable way to keep oil unused in ground is to get the market price of oil so low that nobody bothers to dig it up. I mean, if the oil price is $500 per barrel, there is simply no international agreement that will stop people and countries drilling oil from every possible site from north to south pole.