Quote:
Originally Posted by redneck
Not necessarily.
Companies like to own the rights to the technology, and not have to pay royalties.
Case in point. A couple of independent engineers developed a led that put out warm light several years ago. However the independent engineers wanted $.01-$.015 cents royality per led. SYLVANIA and other large companies balked because they said they would develope their own warm light technology. Besides that, they are presently heavily invested and producing other means of lighting that would then become more or less meaningless.
As far as independent oil companies go,not many are that brave or stupid. All it takes is for the big boys to reduce the price enough to squeeze them out of existance. Then buy them out for pennies on the dollar and shelf it till they are forced to use it, if ever.
All this talk about peak oil is bull$hit.
The truth is...
It's all about control.
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Do you have a link to your story? I think a cent or two per bulb is a far cry from ~$60+ less per bbl, but as with most things I'll believe it when I see it.