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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 215.37

+0.2%

10:17 AM EST

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To: hmaly who wrote (55097)	9/13/2001 9:13:17 PM
From: Win Smith	Read Replies (1) of 275872

Harry, where do you think the US is going to find 10 more ANWRs? The US is by far the most thoroughly explored territory for oil in the world. ANWR is pretty much the last major field anybody expects to find. There are alternatives. The Alberta tar sands have an astonishing amount of oil, Saudi scale rather than Prudhoe scale. It's almost economically feasible to produce at current prices, even. There is also a lot of oil shale in COlorado. There used to be big pilot programs for this stuff, it was all shut down in the '80s. Nuclear's problems have a lot more to do with incompetent utility management and regulatory problems than with environmentalists. All the cost overruns and endless construction delays had very little to do with environmentalists. It would be a huge gamble for private industry to put up the money for plants that might or might not be ready 7 or 10 years down the road. The government could guarantee the money, but there's a philosophical consistency problem there.

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