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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (603922)	3/16/2011 6:20:53 PM
From: TimF	Read Replies (1) of 1573983

that curve is real production data and that's not guess work.. The only real data we have is about the past, not the future. And that's exactly what the oil guys are doing...ie making money is what's driving the oil gluttony. Serious planning for the good of the nation doesn't seem to be in their thoughts. It's a philosophy of "I'll take all I can get for myself..." Generally in the absence of rent-seeking, or with the rent-seeking kept down to a level where the basic market forces are still driving the decision and the rent-seeking is just some corruption added to the side, and in the absence of fraud or force as part of the transaction, the "I'll take all I can get for myself" attitude produces positive results. (Its also probably exaggerated as an actual motivation, not that people aren't greedy, but they also have other motivations.). "Serious planning for the good of the nation" is less likely to produce positive results in terms of allocating investment or distributing marketable goods than people following market forces in pursuit of profit. o you think conservation should be part of the energy equation in the US? It is and long has been. In some ways it always has been.

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