Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (36173)	10/5/2000 6:15:16 PM
From: Charles Tutt	Read Replies (3) \| Respond to of 64865

Well opening more of the Alaskan wilderness to drilling wouldn't do a d*mn thing this season, either (or much _ever_). The thing that would help the most short term is if people drove their gas guzzlers less and took other conservation measures. BTW, how many MPG does that Jeep get? Furthermore, LOWERING the price, which is what everybody seems to want, will do the OPPOSITE of spurring production. The best long term solution is probably to let the price go where it will, possibly with INCREASED taxes (heresy, I know, but that's the way it is). If prices rise enough, either as a result of OPEC tightening the screws on us or via taxes (a tax on _imported_ oil would be doubly effective, but might cause other trade problems), I assure you domestic production will rise. Only a small fraction of the known domestic oil in the ground has been produced, and fairly new technology exists (e.g. horizontal drilling) that could capture much of it if only the price were high enough to justify the expenditure. Taken to an extreme, Texas might once again become an oil state; right now I think high tech is a bigger part of the Texas economy than is oil. JMHO (but I did spend quite a while in the oil industry, so it's not just hot air). Charles Tutt (TM)