Edited on Sat Nov-24-07 12:52 AM by Seabiscuit
Remember how the electric car got killed? Exxon Mobile bought out the company that invented the new highly improved battery cell and let General Motors know that it was going to kill it, and General Motors quit making electric cars and recalled all the ones already sold.
Thats called the "free market".
If this country is ever going to get serious, before half of Florida is under water thanks to global warming, it will take governmental intervention to make such buyouts illegal so that any new startup companies with alternative fuels to oil can actually succeed in replacing oil as our fuel. Mere tax and subsidy incentives will never be adequate as long as super-rich companies like Exxon can buy them out on the so-called "free-market". Such buy-outs will have to be prevented by new laws protecting new start-up companies in the fuel industry.
I haven't heard anyone running for office this year discuss this idea yet.
What do you think?
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