I think this is worth looking at at least.

f course, the flaw in this logic is the fact that the price of oil has no relationship to the cost of electricity. Virtually 0% of electrical capacity is generated from liquid fuels (discounting emergency backup generators which are typically fueled by diesel or gas). The predominant fuel employed by electrical utilities world wide is coal. But, apparently, in the minds of the majority of investors all fossil fuels are interchangeable, so if oil prices sink, somehow, magically so too must coal thereby reducing the primary input cost of generating electricity which in turn puts more price pressure on the solar industry.

Well sorta, plenty of electricity around the world is produced using ng and unlike in the US, much of the world’s ng prices have traditionally been pegged to the price of oil.

As for the price of coal, if you don’t think lower ng prices hasn’t caused the price of coal to go down you haven’t been paying attention.

When it comes to different sources of energy and their respective prices they are all related, certainly their traditional price relationships can and have been upended at various times, but as long as there is an arbitrage opportunity, absent government interference, it is only a matter of time before the market will close it. (When and how is an entirely different question.)