How Renewable Energy Will Destroy Fossil Fuels

There's an energy revolution taking place before our eyes, but it doesn't seem to be getting a lot of attention from the media or investors. Over the past decade, energy from wind and solar has become so cheap that it's making new fossil fuel plants nearly obsolete. This isn't just happening in the U.S. but in China and India as well, where coal plants are being shut down in favor of wind and solar energy.

Close behind renewable energy is improving battery technology that's making electric vehicles and energy storage viable options for consumers and businesses. As this combination of technologies improves and grows, it will slowly but surely replace fossil fuel use as we know it today. Let me be clear about what I'm saying: The conditions for the demise of fossil fuels are already in place and a massive disruption of the fossil fuel industry is on the horizon.

Image source: Getty Images.

Source: Fool.com