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

To: J_F_Shepard who wrote (611268)	5/26/2011 2:25:10 PM
From: TimF	Read Replies (2) \| Respond to of 1578495

So you think the rarer and more valuable some important resource is the more you should put it forever off limits? That doesn't make much sense. If your argument was that we should save it for latter because its so valuable (due to the fact that we are "running out of oil", or more realistically, since we will never actually run out of oil, that oil is becoming scarcer at a relatively rapid rate, that production won't keep up with demand, and that production might soon decline). That makes some sense. Scarcer oil in the future doesn't necessarily mean we should try to save it , but it could plausibly be a good idea. But putting it off limits forever because its getting rarer is foolish. The rarer and more valuable oil is going to become the more reason we have to use it at some time. - After a time when lower supply would make oil more valuable it might become less valuable as alternatives start to take over, also you have to consider time value of money considerations, future higher prices have to be discounted, and there is the issue of lag, we can't just decide to allow drilling and suddenly get oil.