[extropy-chat] Re: peak oil debate framed from a game theory standpoint ?

[Rik van Riel]

On Thu, 1 Sep 2005, Hal Finney wrote:

> If you were an insider and knew that oil was going to be worth that much
> in a few years, why would you be pumping for all you were worth and
> selling it today for $70/barrel?  That doesn't make sense.

If you were a 60 year old CEO, would you try to maximise
profits today and keep shareholders happy, or would you
gamble that prices will be higher 15 years in the future
and hope you can string the shareholders along for that
time ?

-- 
"Debugging is twice as hard as writing the code in the first place.
Therefore, if you write the code as cleverly as possible, you are,
by definition, not smart enough to debug it." - Brian W. Kernighan