You'd think the price of U.S.
oil falling below $30 a barrel for the first time in more than a decade
would be bad news for "green" energy.
With oil and gas so cheap, why would anyone pay for more expensive, less efficient fuel sources?If you thought that, you'd be wrong. And you be wrong for ignoring three factors: technology, politics, and emotion.
The U.S. solar industry added 35,000 jobs in 2015, bringing the total to more than 200,000.
Falling oil prices make exploration and production of oil less profitable.
More efficient solar panels make that technology more attractive to consumers and the businesses serving them, thus driving adoption—and employment.
Solar-panel technology improvements have been on a Moore's Law-like curve for years but only now are getting to the point where the technology is commercially viable.
http://moneymorning.com/ext/articles/new-fuel/solar-final-nail-in-oil-coffin.php?iris=462966&ad=zb9b-sbfnioc-pa4
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