- Aug 4, 2009
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- #101
Oil is just cheap enough to stay below the costs of emerging technologies. Every time we have had an energy crisis in the last 35 years, big oil has managed to get their prices to the point where new technologies are not cost effective
Oil is big enough to buy politicians and block new patents. If the free market is left alone, oil will be able to block new technology indefinitely. Other governments realize the importance of competing technologies and are willing to subsidize.......in the US, it is just a political football
Oil is big enough to buy politicians and block new patents. If the free market is left alone, oil will be able to block new technology indefinitely. Other governments realize the importance of competing technologies and are willing to subsidize.......in the US, it is just a political football