The Best Code is No Code At All

Agree completely.
In fact, Thomas Kyte, the Oracle (specifically SQL) Guru keeps saying the same thing. One of the best examples that he gives for this is as follows:

A common requirement is update a record in table if it already exists, otherwise add a new record.
Logic as used by many:

SELECT COUNT(*)
INTO l_ctr
FROM MY_TABLE
WHERE key column = key column value;

If l_ctr = 0 THEN
INSERT INTO MY_TABLE (column list)
values (values);
Else
UPDATE MY_TABLE
SET columns = values
WHERE key column = key column value ;
End If;

Ideally, what should be used is a MERGE statement (in Oracle 9i and above and if using data from other table) orfollowing (in oracle 8i and below):

=================================================
UPDATE MY_TABLE
SET columns = values
WHERE key column = key column value ;

IF SQL%ROWCOUNT = 0 THEN
INSERT INTO MY_TABLE (column list)
values (values);

That SELECT is completely unnecessary.