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Old 11-01-2007, 01:49 AM
natedogg natedogg is offline
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Join Date: Dec 2003
Location: California
Posts: 2,570
Default Re: Alternative energy and the Automobile Industry

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Chevron is standing in the way of electric cars being produced in the same way as you are standing in the way of more people not working at McDonalds. Because a market participant chooses not to produce does not mean they are standing in the way of production. Look at any supply curve and you will see points below a market clearing price where suppliers don't sell. You are tring to create and define a "public" good, electric cars. Maybe I don't think that it is a public good to use "dirty" coal to generate electricity and then create a potential landfill nightmare with electric batteries. Maybe I feel Hydorogen cars should be produced and electric cars are a waste of resources. The point is You and I don't decide, market participants competing for scarce goods and resources decide. You may mot like the outcome, but that does not make the outcome sub optimal.

When you tell someone you disagree with, that they simply parrot others and need more education you are insulting. You don't know me, my educational or professional back ground yet you tell me "I" need more education. I am telling you things you should have learned in Econ 1.

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OK, so you know some econ. Do you understand the difference between -

my personal preference and pareto optimality?
my not working at McDonalds and an actor with a licensed monopoly choosing not to produce a good for which there is proven demand at a profitable price?

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If you think Chevron is a monopoly then you don't know the first thing about the oil industry.

natedogg
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