Solar Can Still Shine
Solar power proponents hopeful Trump sees benefit of growing industry
Ivan Penn and Rob Nikolewski, November 10, 2016 (LA Times)
“…Candidate Trump said a lot of things that heartened conventional oil and natural gas producers and worried the renewable energy business, which is growing fast but is still a tiny part of the energy landscape…[But Trump’s energy policies as president will bump into market realities…[T]he economics in the energy sector favor renewable technologies such as solar and wind, which are reducing costs quickly. Increased fracking has produced natural gas at prices that are cheaper than coal. And a worldwide oil glut has reduced petroleum profits to the point where reducing regulation and opening federal lands to drilling is unlikely to bring a drilling boom…Energy from the sun and wind have been promoted by the Obama administration through tax credits and other policy prescriptions…The case for renewable energy is being made to the Trump team by unlikely allies that include [solar industry companies, environmentalists, and the tea party]…Analysts say no matter how friendly a Trump energy policy may be toward oil, there’s a global oversupply of crude that has kept prices for crude in domestic and international markets low…” click here for more
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