Re: Alternative energy and the Automobile Industry
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Mark,
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The profit motive works, if the electric car has a viable market someone will direct capital towards that cause.
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It does, as proven by the Rav 4 EV. Electric cars would be in production if the patents on the battery technology required to make them practical were not controlled by Chevron. Market failure.
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We have a Department of Justice that has gone after many company's on anti trust grounds. Do you think Chevron has cornered the electric battery market and squashed it so they can sell more oil? If this is the case then I believe this would be an anti trust violation and you should report it to the DOJ.
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