I really always thought that it was because oil was more cleaner than coal that coal fell out of favor as a fuel in cars leading to cheaper prices compared to oil
coal is still a dominant power supply. as that article states half of america's power comes from coal and 29% of the world is powered by coal. 24% by natural gas.
To some extent the article is actually obsolete, it has been 6 years so something changed in those 6 years. Oil prices became cheaper
" energy transitions historically take a very long time—half a century, typically—and so it's unreasonable to expect that renewables can occupy a much larger share of power generation within a short time frame"nothing of significance has changed in 6 years.Oil became cheaper because saudi arabia increased production to maintain market share and attempt to kill off oil fracking in america. this is just supply and demand. nothing more.
I guess you are right, thanks for your insight.
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that is what I understand as well. Is it the demand that dropped in response to new technology or over supply that caused the decrease in prices of oil?
The price drop is mainly because of new technology that has increased reserves.
I understand and thank you
yes I know
But it has gone down, could it be because of wind and PV and nuclear energy becoming cheaper
its cheap everywhere... its another question from the misinformed it would seem