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Yes, oil prices will decline, but there's a real, sensible reason! (not "some half-assed explanation" like you say) It's basic economics. Cheap solar power (
by aneesh 19y ago
Yes, oil prices will decline, but there's a real, sensible reason! (not "some half-assed explanation" like you say)
It's basic economics. Cheap solar power (a substitute for oil) will reduce demand for oil ... so the market price of oil will decline if the supply of oil is the same. But oil isn't traded on a free market, so it's a bit more complicated.