$4+ per gallon being the latest case in point.
Historically, every time oil prices have risen, alternative energy becomes more cost effective. As soon as noticeable progress starts being made, the oil industry deliberately deflates their prices to kill the alternatives, thereby ensuring their virtual monopoly on energy supply.
The ONLY way to break their monopoly is to forge ahead with alternate energy. Otherwise, they can cut us off at the knees any time they feel like it.
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