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Solar electricity is poised to overtake coal in—of all places—Texas
(www.motherjones.com)
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yeah, IIRC, in 2000, renewable oil from rape seed was still cheaper than fossil oil. however renewable oil was banned politically sothat there's no food vs fuel debate tearing society apart. the question really is more complicated than simply the cost.
that being said, solar panels can be put anywhere, including near big cities, and transporting electricity over distances has also gotten easier in the last 200 years, so that's not an argument for coal anymore.