Re:Donald Trump’s Contract with the American Voter [pdf]
by ArkyBeagle on Friday November 11, 2016 @01:03PM
(#12932798)
IN the '60s/70, oil companies were mainly just companies that happened to do things oil-related. After the '84 crash, the character of those companies changed dramatically.
I don't know if that's inherent to that market or just a temporary phenomenon. If it is inherent, then that makes for a barrier to entry.
I don't think it only affects the existing members of the energy sector. Given the necessary financial motivation, there is a realistic opportunity for new competition in the renewable energy market rather than only relying on existing stablished companies to shift focus. Even if a group wants to move in to the renewable energy market on principal, funding will be a lot harder to come by with super cheap fossil fuel prices since investors (who are also motivated by money) won't see as much potential for short term profits.