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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (398473)7/13/2008 8:17:39 PM
From: Joe NYC  Read Replies (2) of 1575674
 
John,

BTW, what do you think of the argument that we should preserve our oil because it's an increasingly precious resource, and will be worth more later than now? That as long as we can buy it, and keep our own, we should do it?

That is precisely the reason why I was against drilling in ANWR when oil was in $20-$30 range, and why I changed my opinion to favor it now.

20 years from now, the price of oil can still be high, or even higher, but, IMO, oil as a percentage of our energy needs will be a fraction of what it is now, so it will be of lesser strategic value.

Joe
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