On Fri, 16 Dec 2016 13:03:41 -0500 grarpamp <grarpamp@gmail.com> wrote:
https://www.bloomberg.com/news/articles/2016-12-15/world-energy-hits-a-turni...
A transformation is happening in global energy markets that's worth noting as 2016
I haven't bothered looking at oil's price for a while...and I just did. So, in the last two years the price went down from ~100 to ~40 - the price isn't even tracking the massive inflation of the last 10 years. Arch-fascists like elon musk and friends are probably not too happy...
comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity. This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance. The chart shows the average cost of new wind and solar from 58 emerging-market economies, including China, India, and Brazil. While solar was bound to fall below wind eventually, given its steeper price declines, few predicted it would happen this soon.