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Fossil Fuel Interests Ramp Up Their “Solar Makes Electricity More Expensive” Falsehood (cleantechnica.com)

submitted 5 days ago by Sunshine@lemmy.ca to c/energy@slrpnk.net

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[–] Tobberone@lemm.ee 10 points 5 days ago* (last edited 5 days ago) (2 children)

They are also more desperate. US oil needs the price to stay above 50$/barrel, and the price of WTI, currently at about 72, has been in decline for the last 3 years, trending downwards. These are desperate plees for help from an industry backed into a corner.

[–] Skyrmir@lemmy.world 7 points 4 days ago

Ukraine cutting off Russian oil has helped with that a bit. I'd say it could start a trend if western oil companies had enough influence they could also shut down Russian exports to India or their ghost fleet to help support prices. But I seriously doubt Putin will let Trump do that.

[–] threelonmusketeers@sh.itjust.works 3 points 4 days ago (1 children)

WTI?

[–] Tobberone@lemm.ee 6 points 4 days ago (1 children)

North Sea oil is called Brent and wti is an American oil. Short for West Texas Intermediate.

[–] threelonmusketeers@sh.itjust.works 5 points 4 days ago

Huh, TIL!

Where did the name Brent come from?