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Renewables compete against the long-term oil price, not the spot price. If the Saudi are offering long-term cheap oil I haven't noticed.

• hn_throwaway_99 7y ago
  > Renewables compete against the long-term oil price, not the spot price. Not really. Hybrid vehicles for example tanked the last time oil prices plummeted.
  • Arnt 7y ago
    Tanked means what? Did any manufacturer close a factory, decided not to open one, cancel next year's model of a hybrid, etc?
    • hackeraccount 7y ago
      What's the number of factories not built or cars not produced because of the low price of oil?
      • Arnt 7y ago
        Considerable. All of the three biggest car parts manufacturers here in Germany have announced redundancies, two of them have announced factory closings. https://www.handelsblatt.com/unternehmen/industrie/autozulieferer-das-wird-noch-schmutzig-warum-der-jobabbau-bei-bosch-erst-der-anfang-sein-duerfte/24874108.html https://www.handelsblatt.com/unternehmen/industrie/autozulie... https://www.handelsblatt.com/unternehmen/industrie/zulieferer-continental-schliesst-werke-in-deutschland-7000-arbeitsplaetze-betroffen/25054202.html https://www.handelsblatt.com/unternehmen/industrie/zuliefere...