oil supply sigint

[juan]

On Fri, 16 Dec 2016 13:03:41 -0500
grarpamp <grarpamp at gmail.com> wrote:

> https://www.bloomberg.com/news/articles/2016-12-15/world-energy-hits-a-turning-point-solar-that-s-cheaper-than-wind
> 
> 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.