But we are not doing that now - we subsidize oil prices heavily by
spending other tax dollars on deployments to the Gulf to keep the
market stable, and the price down.
Matthew
On Feb 14, 2009, at 1:50 PM, Chris Dunford wrote:
it's entirely possible that, if left to market forces
only, development of alternatives won't come in time to avoid some
very
nasty consequences. This is why government support for research
might not be
a bad thing; one of the functions of good government is to support
things
like this when it's necessary and the private market isn't going to
cut it.
It just has to be smart enough to avoid foolishness like ethanol,
hydrogen,
and biodiesel.
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