I've been thinking about this for a long time. We live in a country where oil essentially has control over the energy industry. Oil prices are high, people can't afford to pay their bills and fill up their tanks with the rising prices (which I acknowledge has a lot to do with the deflation of the value of the dollar) and people are looking for alternative fuels to heat up their homes, keep the lights on and get them from point A to point B.
I have not seen any sources of alternative energy thrive in this economy, but then again this economy is hardly a free market with all the government intervention. However, can alternative energy survive in a free market? It has worked in some other countries around the world, but it has yet to stand the test of time. Oil makes the world go round and there don't seem to be a lot of deep pocketed investors that are willing to put their capital on the line in the name of alternative energy. And as we have seen with Solyndra, government money doesn't necessarily help either (of course not).
So I have a few questions.
1) Can alternative energy survive in a free market?
2) If so, how?