Could Elsevier shut down arxiv.org?

"I think that appealing to Elsevier’s love of open scientific discourse is misguided. Individual employees there might be civic-minded, but ultimately they have $10 billion worth of reasons not to let the internet drive the costs of scientific publishing down to zero. Fortunately, their business model relies on the help of governments and academics. We can do our part to stop them by not publishing in, or refereeing for, their journals....There is another concrete way to stand up for open access. The White House Office of Science and Technology Policy has requested comments on the question of public access to federally-funded scientific research...."