Submitted on January 9th, 2009 by nickfromavvo (not verified)
If we're going to be giving money away to oil companies, it should be to provide incentive when the price of oil drops.
The problem right now is that when the price of oil is high, oil companies do all sorts of new exploration, new technology research, etc. And then the price of oil drops and they stop it all.
Why not use the government to give oil companies a consistent, long-term incentive to explore alternative ways to find more oil? I think this would be more productive than randomly throwing money at oil companies depending on domestic politics.
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If we're going to be giving
Submitted on January 9th, 2009 by nickfromavvo (not verified)If we're going to be giving money away to oil companies, it should be to provide incentive when the price of oil drops.
The problem right now is that when the price of oil is high, oil companies do all sorts of new exploration, new technology research, etc. And then the price of oil drops and they stop it all.
Why not use the government to give oil companies a consistent, long-term incentive to explore alternative ways to find more oil? I think this would be more productive than randomly throwing money at oil companies depending on domestic politics.