Philman

Solar Breaks Oil Price Dependence

I think you are right. We are allowing the oil producers to collapse important nascent industries, like Solar, by manipulating the oil price to destroy their economic viability. Once they destroy the competition, the oil boys just raise the price again, lowering it, periodically, to destroy competitors, like solar.

We need to become smarter. A minimum price must be set on oil imports. Let's say $100 per barrel. If the price falls below that, the government should tariff it up to $100 again. In this way, we would protect critical industries like solar, oil sand & shale oil production, etc. These new energy industries are essential if western nations are to free themselves of the shackles of Russia, and OPEC.