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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Black gold is king
Public Policy; Political and Legal News

The industrialized world has a tremendous thirst for crude oil. Currently, demand is running at more than 80 million barrels per day...

Asia Times
Posted on Wednesday, April 28 @ 16:09:05 PDT by admin
 
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ARE We Out of Gas Yet?
 
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