Solar energy struggles in the face of inexpensive legacy fuels
Oil is getting so cheap so fast that”alternative” energy suddenly looks much more expensive.
(From The Motley Fool)
Oil futures dropped sharply in early trading Monday, and because solar energy is largely a technology that competes with energy produced from burning oil, solar power — and solar power stocks — naturally become less and less attractive the cheaper oil gets.
And oil is now less than half what it cost as recently as January.
Reprinted from: https://www.ac2news.com/2020/03/solar-energy-struggles-in-the-face-of-inexpensive-legacy-fuels/
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