15 ms·
I don't really follow your argument. Are you saying that low oil prices are good for "green energy" since low oil prices motivates the use of renewable sources
by filleokus 6y ago
I don't really follow your argument.
Are you saying that low oil prices are good for "green energy" since low oil prices motivates the use of renewable sources in the refinement of oil? First result on Google [0] says refineries "may use about 1.5% to 8% of feed as fuel". While a large emission source, in the grand scheme of things, converting refineries to use renewable sources seems less prioritised compared to replacing oil derived fules at the end user.
That shift however, will of course be less attractive in a world with low oil-prices. So in the end I think it's still hard to conclude that low oil prices are good for renewables?
[0]: https://pdf.sciencedirectassets.com/277910/1-s2.0-S1876610209X00020/1-s2.0-S1876610209000277/main.pdf https://pdf.sciencedirectassets.com/277910/1-s2.0-S187661020...