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

To: Brumar89 who wrote (392433)	6/19/2008 10:55:04 AM
From: Road Walker	Read Replies (1) \| Respond to of 1578505

Consider the offshore industry only began after WWII. The industry has gotten better since 1969. That's what I understand, and am counting on. That and the states can mandate "best practices". Use it or lose it is the law. Its not a matter of loving oil companies. Its a matter of knowing where their economic incentives are. Their "economic incentive" is a cloudy issue... they are currently making record profits on record high oil prices. Some would conclude that they will make lower profits with lower oil prices, which you hope to create with expanded production. And some would say that as we move to alternatives, the price of oil will go down so investments made today will not get todays returns, and in fact may be negative returns.