3 ms·
It will only buy them a little time, at best. Renewable technology continues to improve. Some estimates put it at an 8% average improvement rate per year. If th
by transfire 12y ago
It will only buy them a little time, at best. Renewable technology continues to improve. Some estimates put it at an 8% average improvement rate per year. If this is correct, then in 10 years the cost effectiveness will have doubled. And that's about all it will take to push out oil and gas. Renewables are already close to cost parity with oil and gas today. So even $20 per barrel oil will not be able to compete by 2030. But, there are other uses for oil, so don't expect it to ever go away completely.
- rhino369 12y agoThat is a bit rosey. Wind is close, but solar is far away. Neither have cheap enough to be used as baseline power. But we don't use oil for electricity anyway. It's mostly transportation. The question is not renewable v. fossil, but why type of automobile power plant we will be using. Electric cars will take a while but electric trucks are way far off. We can stave off global warming by fracking the everloving fuck out out of America and using natural gas for electricity and for automobiles.
- delecti 12y ago> We can stave off global warming by fracking the everloving fuck out out of America and using natural gas for electricity and for automobiles. I'd rather live in a warming world than one poisoned by all of the crap that goes into fracking.