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

To: J_F_Shepard who wrote (569594)	6/2/2010 3:40:02 PM
From: TimF	Respond to of 1578396

You can't see beyond next year's profits. My post had pretty much nothing to do with next years profits. You can't see the strategic value of having untapped oil right off our coast if we ever need it in an emergency If we don't drill it, than its not available in an emergency. Even if we knew exactly where to drill, and faced no regulatory delays, and had the drilling capacity and workers ready to go, drilling would take months. In real world situations significant extra oil would take years to come on line in a big way, maybe over a decade. If greed is your motive You keep talking about greed. What do you mean by that. If you mean desire to use available resources, than greed is not something wrong. If you mean an evil desire to unjustly take and control resources, this has nothing to do with greed. then keeping the oil in place will result in even higher value ten or twenty years hence 1 - Money today is worth more than the same amount of money in ten or twenty years. And this isn't even considering inflation. Adjust for inflation and its still true, $X in real dollars today is worth more than $X real dollars in 10-20 years. Consider only nominal dollars and the point is likely to be a stronger one. 2 - Not necessarily see inflationdata.com 3 - Again it takes time to get the oil flowing in quantity. If we want to get a lot of this oil in 10 years we need to start developing things now. 4 - Delay can mean denial. Delay for 10-20 years can be renewed at the end of that period. The forces in opposition to drilling might grow stronger rather than weaker.