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.

Pastimes : THE SLIGHTLY MODERATED BOXING RING -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (8440)	4/11/2002 7:35:33 PM
From: TimF	Read Replies (1) \| Respond to of 21057

Generally resources are wasted by lack of oversight. Things like oil in the ground aren't going to go away if they are left in the ground. Yes you mentioned that already. Of course the oil isn't really wasted if the oil company doesn't pay enough for the drilling rights. It gets used. The only thing that was wasted was the chance to get a "fair price" from the oil company. Or to look at it another way a chance for some government revenue was wasted. A lot more resources are used up complying with regulation. To the extent that the regulation is uneeded, counter productive or ineffective those resources are truly wasted, and they add up to a lot more then the government could ever get from drilling or mineing leases. Tim