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by toomuchtodo
3855 days ago
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Very little oil is used in electricity generation, except in Hawaii and Puerto Rico. The problem is everyone is racing to deploy renewables, driving the price of electricity down. This is good for consumers, bad for utilities. Traditional returns are going right out the window (or rather, are being transferred away from utilities to renewables manufacturers). |
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That too, although pound for pound alts are still slightly more expensive.