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.
And managing our supplies of energy are a crucial part of National Security.
How much of our blood and treasure has been lost to ensure the free-flow of oil from the Middle East, that, and having to cozy up to a bunch of shady characters to do so?
I agree with that latest assessment, which is in contrast to your earlier post.
The govt is picking winners and losers, which is NOT capitalism.
Since the govt is taking money from you and me and investing it ‘for the common good’, seems closer to socialism, isn’t it?