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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (124181)	9/18/2000 10:15:39 PM
From: Joe NYC	Read Replies (2) \| Respond to of 1579987

Ted, I would hardly call Opec an example of free market, but just wath as the price of oil rises, the cheating will start, and it will put a cap to the price increases. Also, I was just wondering, do the environmentalists root for higher oil prices? Joe

To: tejek who wrote (124181)	9/19/2000 10:09:35 AM
From: TimF	Read Replies (2) \| Respond to of 1579987

As free enterprises stalwarts that we are, all of our capitalists leaders have, or will eventually beg OPEC to increase oil production so the commodity will not be so scarce and prices will come down. I don't think 'begging' is one of the principles of the free enterprise credo, do you? Not when it is government officals doing the begging and trying to find ways to apply pressure, but OPEC isn't a free market either (unless you consider cartels (and government controled cartels at that) to be part of a free market. So free enterprise is good until it doesn't feel so good and then we want to change the rules... 1 - I am not doing the begging for more oil. 2 - OPEC is not a normal free market entity. Future generations will benefit from the economy that we are developing and if energy is more expensive then they will at least likely be richer and more able to afford the added costs. Benefit? You assume a lot...with natural resources depleted, they may be much poorer and be inclined to curse their ancestors. They will benefit from the technology we develop and from the economic growth while the oil is left. Even if the oil is used up "natural resources" in general will not. They key resource in this case is energy (with enough energy the supply of other resources will keep going up). Oil is currently the most economical energy supply for many uses. With scarcer oil and advanceing technology in exploiting alternatives other sources will become available. In the long run nuclear (includeing fusion) and possibly solar should be the biggest sources of energy. Other possibilities include things like deep geothermal, and tidal power generation. Baring nuclear war or similar catastrophe, 100 years from now we should be able to generate and control far more energy, both in total and per capita, then now even if oil runs out. Tim