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Instead of trumpeting his usual boilerplate, CD might consider the plight of the ethanol industry which is currently finding itself on hard times. In spite of massive government subsidies, this alternative energy business is about to undergo severe retrenchment. T E85 market is where the brunt will be felt. Yet our intrepid correspondent advocates yet more government subsidy of what does not work.
The difference between the oil companies and what CD proposes is that the oil companies assume the economic risk in their efforts. CD's alternative energy proposals would have us all as taxpayers assume that risk. He mistakenly assigns a role to government that is rightly capitalism's.
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“Scientists are people who build the Brooklyn Bridge and then buy it.”
Wm. F. Buckley, Jr.
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