Energy is the MOST political and strategic commodity in the world.
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I don’t disagree with you even a little bit. I just don’t think you have noticed the power shifts around the world.
The entire world outside of OPEC want to get out from under the thumbs of opec and russia. Everyone in the world outside OPEC and Russia sees alternate fuel cell cars as ALSO a way to disconnect from a reliance on oil based cars.
So while there is lots of oil money around to protect oil interests. There is even more money available to protect the alternative fuel industry.
Think about it for a second. Germany and Japan have no hope of every becoming energy independent as long as they run on internal combustion engines. Neither country has any hope of trimming their debt overhang as long as they run on internal combustion engines.
These folk are among the best car engineers in the world.
What will they do.
They will keep pushing and improving alternative fuel cars —until their specs are better than those of internal combustion engine cars.
They have come a great distance in the last ten years. Expect them to cross the goal in terms of performance and price in the next 10 years.
American companies will be there too. At least with electric cars. Maybe not with fuel cell cars.
Do you understand that foregoing the use of the most economical source of energy creates a relative disadvantage to the on doing the foregoing? So let’s say the entire world except for the U.S. manages to quit using the most economical source of energy and in its place uses less economical alternatives (if it requires subsidies it is less economical). The U.S. would then be left as the sole consumer of the most economical fom of energy which is getting even more economical since no one else is using it. The result would be world dominance. We can only hope the rest of the world is so stupid.
Of course the U.S. is right behind Germany and France in Stupid.
Debt overhang is because of the internal combustion engine? Got you elimaNate the internal combustion engine today in those countries their debt would skyrocket. Maybe they could elimInate their socialist communist spending habits, which included whacko energy subsidies, and live within their tax revenue.