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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (415292)9/8/2008 3:50:50 PM
From: TimF  Read Replies (1) of 1575821
 
The price of oil hasn't gone up 5 times in ten years because of what oil the US government has or has not allowed to be drilled in the US. The price has changed, but the price changes are just what you plug in to a discounted future value calculation, not an argument against the idea.

And if your making the calculation honestly you don't select the time period where the increase has been the fastest, but rather look at the long term trend. Oil has trended up, but you have hard large cyclical up and down movements within that trend. Don't just take the last up, take at least one full cycle, or multiple cycles. Over the decades oil has been going up slower than a reasonable discount rate.
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