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Oil and solar don't really compete that much. Oil - even at $40 a barrel - is substantively more expensive than pretty much everything else for generating elect
by nimos 9y ago
Oil and solar don't really compete that much. Oil - even at $40 a barrel - is substantively more expensive than pretty much everything else for generating electricity and is rarely used for anything beyond small scale generation.
Oil is valuable because of gasoline/diesel which about 3/4 of the barrel goes to. It's all about the ease of transportation that ICE/gasoline/diesel offer that no other fuel can really compete on.
The more relevant factor is the price of batteries which might make solar and other electricity sources viable competitors to oil.
- peterbecich 9y agoVery interesting. Incidentally, about 70% of Hawaii's electricity is generated with oil: https://en.wikipedia.org/wiki/Energy_in_Hawaii?wprov=sfla1 https://en.wikipedia.org/wiki/Energy_in_Hawaii?wprov=sfla1
- petre 9y agoDoesn't geothermal work for Hawaii? It works just fine for the Azores.
- peterbecich 9y agoYou are correct; I didn't know about this for Hawaii: https://www.hawaiianelectric.com/clean-energy-hawaii/clean-energy-facts/renewable-energy-sources/geothermal https://www.hawaiianelectric.com/clean-energy-hawaii/clean-e...