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

To: TimF who wrote (569528)	6/1/2010 10:57:47 PM
From: J_F_Shepard	Read Replies (1) \| Respond to of 1578342

"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." You can't see beyond next year's profits....that's incredible. You can't see the strategic value of having untapped oil right off our coast if we ever need it in an emergency... And BTW, gold has no value except as an industrial metal....jewelry is valueless....except to the shiny metal collectors.. "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 greed is your motive, then keeping the oil in place will result in even higher value ten or twenty years hence. Capitalists know that...