F... gas prices

[JoeRedskin]

Now I am confused - Your original assertion was that “Anyone that really thinks the "free market" can solve our problems is either naive or utterly stupid.” As a general statement, I found this to be an ignorant and incredibly misinformed knee-jerk response to market economics that stank of discredited marxist/collectivest economic theory. My response was that a properly regulated free market is the best method for finding and marketing alternative energy sources. Further, even without governmental interference, the market will eventually create alternatives.

Based on your assertion, I assumed you were speaking of some form of centralization or socialization of energy markets that would eliminate private incentive. I don’t believe oil companies should be penalized for making profits.

If you are saying “fund research”, I agree for all the reasons stated in my earlier post.

I disagree, however, that this research would not happen but for government intervention. Based on the finite nature of the resource and the naturally increasing prices resulting from that – at some point, alternatives will be developed. I just believe, based on certain structural advantages given Big Oil, that the State should assist in “leveling the playing field” through investment.

Additionally, your implied collusion arguments just don’t hold water to me. These companies want to make money and are in competition with one another. If one of them could, tomorrow, take over the energy market by creating a cheap, profitable alternative to oil and undercut their competitors they would do it so fast your head would spin. The problem is that alternatives are still comparatively expensive to the cheap portability of gas and the internal combustion engine.