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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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NYC Must Address the Need for Natural Gas
Production; Extraction; Exploration Dr. Matthew C. Cordaro, director of the Center for Management Analysis:
"Where there was once a glut of natural gas, the country now is moving to a point where it will require additional supplies to meet demand."

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Posted on Thursday, April 29 @ 19:28:13 PDT by admin
 
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Does Thermal Depolymerization Solve the Problem of Peak Oil?
 
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Re: NYC Must Address the Need for Natural Gas (Score: 1)
by tuscaloosa41 on Tuesday, May 30 @ 16:27:02 PDT
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