Alternative energy and the Automobile Industry

[Mark1808]

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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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They have not 'cornered the market', they're sitting on patents for a specific type of battery that would make electric vehicles practical. This has nothing to do with anti-trust laws afaik.

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You believe a corporations property belongs to the public? I don't. That patent was available to anyone with the know how to develop it.

If Chevron has a patent on an electric battery that will obsolete oil I think they would run with the idea as it would be very profitable. Their aim is making money not saving oil.