Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (392460)	6/19/2008 11:09:17 AM
From: Brumar89	Read Replies (1) of 1578652

they are currently making record profits on record high oil prices. Some would conclude that they will make lower profits with lower oil prices, which you hope to create with expanded production. But they don't operate as a cartel. Each company's individual incentive is to maximize oil production. And some would say that as we move to alternatives, the price of oil will go down so investments made today will not get todays returns, and in fact may be negative returns. I think we are a long long way away from there. Consider the hundreds of millions in China and India that don't have cars yet, but want them as soon as they can afford them. Thats where the demand growth is coming from. Also consider even if the west were to double our gasoline efficiency, we will still use a hell of a lot and every existing oil well is in depletion. Also consider even if the whole world were to stop using gasoline, there would still be demand for petrochemicals. All those folks in China and India are gonna want to fill their frigs with tupperware etc. too.

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