{"id":110838,"date":"2020-03-27T13:55:35","date_gmt":"2020-03-27T10:55:35","guid":{"rendered":"https:\/\/www.enerjigazetesi.ist\/?p=110838"},"modified":"2020-03-27T14:08:33","modified_gmt":"2020-03-27T11:08:33","slug":"yenilenebilir-kaynaklar-petrol-fiyat-dususu-ile-kazanc-saglamaya-hazir","status":"publish","type":"post","link":"https:\/\/www.enerjigazetesi.ist\/en\/yenilenebilir-kaynaklar-petrol-fiyat-dususu-ile-kazanc-saglamaya-hazir\/","title":{"rendered":"Renewables Poised To Clean Up From Oil\u2019s Price Spill"},"content":{"rendered":"

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Saudi Arabia abruptly\u00a0altered its oil production strategy\u00a0in early March and began to\u00a0flood the market\u00a0with cheap oil. Financial markets worldwide hemorrhaged value at the prospect of a protracted and painful price war, and American oil firms immediately\u00a0cut back\u00a0spending and dividend payments as the price for their primary product halved.\u00a0 As of this morning, WTI Crude (a pricing benchmark tied to U.S. supply) was barely north of $20\/bbl, prices not seen since 2002.<\/h1>\n

This sudden tumult represents an opportunity for the renewable energy sector.\u00a0 At first glance, this may sound counterintuitive. After all, oil prices seem largely unrelated to the prospects of wind, solar, and other renewables in the electricity generation sector, because in the United States the primary fossil \"\"source of electricity is natural gas.\u00a0 Natural gas prices have been largely uncorrelated with the price of oil since 2007, when large-scale domestic shale-gas production began to come online (see chart). In other parts of the world, coal drives electricity generation, which is similarly decoupled. Virtually nobody uses oil as a primary electricity source, except in certain very specific locations, such as Hawaii, where the demands of unique geography and supply logistics align to make oil the best bet for power production.<\/p>\n

Oil\u2019s link to renewables instead comes through competition in the financing marketplace.\u00a0 As new projects are developed and financing is sought, the infrastructure funds that provide capital to enable these developments naturally prefer projects that promise the most attractive financial returns.\u00a0 With relatively high prices over the last decade and unmatched value as a transportation fuel, oil exploration has beaten out renewable project development on the financial metrics time after time.<\/p>","protected":false},"excerpt":{"rendered":"

Saudi Arabia abruptly\u00a0altered its oil production strategy\u00a0in early March and began to\u00a0flood the market\u00a0with cheap oil. Financial markets worldwide hemorrhaged value at the prospect of a protracted and painful price war, and American oil firms immediately\u00a0cut back\u00a0spending and dividend payments as the price for their primary product halved.\u00a0 As of this morning, WTI Crude (a […]<\/p>\n","protected":false},"author":1,"featured_media":110840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[51,53,49,44,50],"tags":[52407,66250,52375,66265,53114,42491,66267,52259,67256,69331,69327,69328,53157,69326,69324,53153,347,69325,69330,53282,42867,66269,54979,51052,69329,69323],"views":197,"_links":{"self":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/110838"}],"collection":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/comments?post=110838"}],"version-history":[{"count":2,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/110838\/revisions"}],"predecessor-version":[{"id":110843,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/posts\/110838\/revisions\/110843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/media\/110840"}],"wp:attachment":[{"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/media?parent=110838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/categories?post=110838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.enerjigazetesi.ist\/en\/wp-json\/wp\/v2\/tags?post=110838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}