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

To: J_F_Shepard who wrote (569523)	6/1/2010 6:36:16 PM
From: TimF	Read Replies (1) \| Respond to of 1578330

Not being too greedy are you? What does that even mean in this context? Its not like I'm proposing this for my personal benefit. OK sure I benefit a little from lower gasoline prices (than otherwise would have occurred, not necessarily lower prices than we have now, as the price may rise anyway), but its not like much of the benefit is going to me. Its simply that you have a very valuable resource, worth trillions, probably many trillions of dollars at today's prices. That will be worth even more if oil becomes rarer. And you seem to be arguing that if the overall resource becomes scarcer, and thus more valuable per amount, that we should make less effort to extract that value. That's just bizarre. If not wanting to leave trillions of wealth unutilized, is greedy, then it is only so by a fairly broad, and fairly positive sense of the term greedy. It makes no more sense to avoid drilling off shore if/because oil is growing scarcer in the world, than it does to not bother to bend over to pick up a half pound of gold if/because the price of gold has shot up. Now there are arguments to be made against off-shore drilling. I don't think they are enough to make it reasonable to ban and/or avoid the practice, but at least arguing that we shouldn't drill off shore because by not doing so we might avoid environmental harm, isn't as silly as arguing that we shouldn't drill offshore because oil is getting rarer in the world.