Graham Buxton Wrote:
-------------------------------------------------------
> pdxrailtransit Wrote:
> --------------------------------------------------
> -----
> > Doesn't it seem like a big waste to put all of
> that effort and money into something only to see
> > the value of it just go whoosh due to market
> vagaries? A lot of the capital for the drilling
> > has come from junk bonds, weird futures
> contracts, and speculators. Is this really the
> best way for mankind to use the resources of this
> planet?
>
> So what is your preferred, _better_ method of
> allocating resources? ... a big government agency?


Just because I am pointing out the obvious flaws in our "free market system" does not obligate me to have some ready facile solution. We need to come up with better ways of allocating resources, and even the wealth concentrators now at Davos, are beginning to realize this. At least Alaskans got to share in some of the profit from the Prudhoe Bay.

My flippant answer: No, a small government agency!