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.

Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (309)	6/12/2008 8:16:58 PM
From: TimF	Read Replies (1) \| Respond to of 86355

If the oil costs to much to get at now, it may not cost to much to get at in the future, with either higher prices, or better techniques and equipment, or both. If recovering the oil is sufficiently profitable than it will be recovered. If doing so produces little or no profit than it probably shouldn't be recovered. "Use it or lose it" doesn't make a lot of sense as a general policy. they are looking at current sentiment, and probably figure that vehicles will get much more efficient Even if US vehicle based demand decreases, other sources of demand will go up by a larger amount. If the US market shrinks the oil will be sold elsewhere. The world use of oil isn't going to significantly and durably shrink any time soon. And even if world use of oil DID significantly and durably decrease, than it truly isn't worth it to sink a lot of money only to bring oil on the market 5 to 15 years later when demand is low.