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Free market economics will decide the future of oil. Unless governments interfere, oil will remain a viable energy source because it is significantly cheaper an
by ananonymoususer 8y ago
Free market economics will decide the future of oil. Unless governments interfere, oil will remain a viable energy source because it is significantly cheaper and more reliable than any of the renewable alternatives.
- dragonwriter 8y ago> Free market economics will decide the future of oil. No, it won't because free markets don't exist except as an abstract ideal in general, and they very much don't even approximately exist in oil. > Unless governments interfere, oil will remain a viable energy source because it is significantly cheaper and more reliable than any of the renewable alternatives. Has there ever been a time without governments actively and energetically intervening in the market for oil (not always in the same direction)?