Posted by Jost on August 16, 2006, at 14:28:09
In reply to Re: only in the oil business » Jost, posted by AuntieMel on August 16, 2006, at 13:22:17
Auntie Mel, I'm glad Bobby started this, because it's interesting--- For me, this is friendly discussion-- with a slight edge, because we might disagree, at least for the moment. (I'm persuadable on all sorts of points, even if I come on strong-- it's more a debate style, and a bit of a personal style-- but I'm an equivocater and seeing-both-sides-er underneath.)
But maybe I'm interrupting your work!
So we can continue later this evening. I'm interested in following up-- I'm wondering if there wasn't some lobbying on the part of the Oil companies in Ca that led to the change in policy. Not that the decision by the legislature wasn't awful. But it's an interesting case.
The R&D point was more about Pharmaceutical Cos., who I believe have transferred an inordinate amount of money to advertising, and are somewhat neglecting R&D-- not completely, of course. But that always has been the justification for the high price of drugs-- that R &D took so much money, and often didn't lead to profits, because of negative results, etc.
I'm so interested in your work. It sounds fascinating.
Anything I can learn from you and Dinah in this area is of great interest. I'm sure you both know tons more than I do about many facets of the industry.
I, by the way, entirely agree about the floor on oil prices-- it's short-sighted to have wanted cheap gas when the overall trend was inevitably toward depletion of known reserves.
Jost
poster:Jost
thread:675260
URL: http://www.dr-bob.org/babble/poli/20060809/msgs/677133.html