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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (10272)	6/8/2004 3:03:20 PM
From: Ira Player	Read Replies (1) \| Respond to of 25522

Big Bucks, Even with the issue of oil/fuels...it's complex... When dealing with limited resources, it is often prudent to use theirs before your own... People look at todays prices, high by historical standards, and argue to drill and pump from local sources or open up the strategic reserves...this is not necessarily the wisest choice. It may be better to import while it is relatively cheap (fuel is, after all is said and done, a raw material.) and save your own resources for when they are even more scarce. The risk, of course, is obsolescence...if a new energy source is found and the price drops rather than rises. But for oil, for now, I say import our needs and let our reserves sit in the ground. Ira Edit: The problem with fuel is not that we are importing it...it is that we are using too much of it in our hughe SUV's, that we also import...