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Politics : Politics of Energy
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To: Hawkmoon who wrote (1994)8/25/2008 10:14:58 AM
From: RetiredNow  Read Replies (3) of 86356
 
Hawkmoon, it isn't about fairness. It's about what is effective government policy. Government subsidies of oil companies provide no return on investment, since they have all the incentive they need to drill more. Rather, effective government policy with respect to oil companies is simply to open up all federal lands and offshore to drilling.

Effective policy towards alternatives is to invest heavily in subsidies, because that will incubate the industry until it can stand on its own.

Anyway, yes, we can agree to disagree. I think you'd find that most economists would agree with my point of view though. It is straight out of econ 101.
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