08 Feb '15, 3pm

REsource: Get The Inside Scoop On Saudi Arabia Solar Power

I recently used google to try and identify how much oil was used to generate electricity in various places. I wanted to find out if a reduction in diesel power generation was the cause of the low oil prices. I found it very hard to find any reliable information. But I did find some reports of diesel power plants being shut down all of listed in megawatts. I you assumed 50% power conversion efficiency and then convert that to barrels of oil. I also assumed the plants had a capacity of 100% (probably too high). the result was that much of the drop in oil consumption blamed as the cause of low oil price could be caused by small utilities switching from oil to renewables. If so the low cost of oil could persist for some time. Add to that the increasing popularity of electric cars we may have passed peak oil price.

Full article: http://cleantechnica.com/2015/02/08/resource-get-inside-s...

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