Oil must fall to USD 9 to compete with wind
French bank BNP Paribas concludes in a new analysis that the current price of wind and solar energy can generate seven times more transportation power than oil per dollar at crude rates near current levels.
BY VICTOR EMIL KRISTENSEN
The prices of wind and solar have declined so dramatically that the only thing keeping the oil industry afloat is its advantage of scale, concludes French bank BNP Paribas SA in a new analysis comparing transportation energy costs.
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