Efficiency of renewables over fossil fuel at utility scale is a new thing that never happened in history: https://en.wikipedia.org/wiki/Cost_of_electricity_by

Efficiency of renewables over fossil fuel at utility scale is a new thing that never happened in history: https://en.wikipedia.org/wiki/Cost_of_electricity_by_source#Lazard_(2019)_2 https://en.wikipedia.org/wiki/Cost_of_electricity_by_source#... Most oil is currently used for transportation. Demand for transportation of people could be affected long-term. Quoting myself here: "There might be some semi-permanent change in people's behaviors if the epidemic continues for many months. Many people will form a habit of doing more things at home/online: more takeouts, more online shopping, live/recorded video classes, virtual meetings, telehealth, etc. Better online services will also spring up to support the habits/practices. Since online activities often save time, the new habits could become a new equilibrium: people/companies who adopt them will often have an economic advantage, influencing others to do the same. Thus, oil demand could be significantly diminished long-term as well."