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The fact that governments invested heavily in oil for the benefit of these corps, it's really a stretch to blame consumers. What other choice in energy did they
by mempko 7y ago
The fact that governments invested heavily in oil for the benefit of these corps, it's really a stretch to blame consumers. What other choice in energy did they have ? Consider the fact that half the cars in the early 20th century were electric. What we are dealing with is called a market failure, of the most extreme kind.
- travisoneill1 7y agoNone whatsoever, which is why it is silly to blame a corporation for an engineering problem. The gas powered engine won because it was vastly superior until the invention of the lithium ion battery. Not having the technology you wished you had is not a market failure.
- jandrese 7y agoIf we had priced in the externalities of using a gas powered engine right from the start it wouldn't have been nearly as dominant. There might have been an actual market for electric cars for in-town driving, getting groceries, etc...