It’s called capitalism. You pays your money and you takes your chances. Sometimes you win, sometimes you lose.
Exactly. And its also called the Oil Industry, which has followed this cycle over and over. There was a boom and a lot of people make a fortune. Then there is a painful bust and a lot of start ups go bankrupt. But the good ones survive and are poised to make an even larger fortune when the market comes back again. If the government steps in with a subsidy, it will prevent the pain that ultimately rationalizes the industry and makes it stronger.
“It’s called capitalism. You pays your money and you takes your chances. Sometimes you win, sometimes you lose.”
Really? Do you think your statement applies to the ethanol, solar and wind lobby?
How about this? If no mandates or subsidies were given to these by the feds, do you think the country would be better off or worse off?
Seems the oil industry is competing with energy production against a deck stacked against them, aren’t they? Do you call that capitalism?