“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?
I agree the “alternative energy” lobby is NOT part of capitalism, but is a factor that must be considered when investing, and makes for a less than level playing field for the petro industry. Still, the product is a commodity that is manipulated (not a new development) by government and industry alike, i.e. OPEC’s 1973 scam and our own govt’s corrupt injection of alternative energy mandates and subsidies to same. Then along comes fracking tech rapidly making much more fossil fuel available and cheaper than OPEC has fixed prices, then OPEC lowering their prices to undermine fracking and then it backfiring on them to where they have to continue to lower prices in attempts to remain solvent to no avail.
If you are investing your capital in petro industry without considering this well publicized information, I’m afraid you’re not a very good capitalist and yes it’s unfair, but you will lose capital. We sadly cannot enjoy pure free market capitalism with the current US government not to mention what other country’s govts can pull off.