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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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A Study of the Reporting of Saudi Arabia’s Reserves —ASPO
Production; Extraction; Explorationdwenergyman writes: How secure is Saudi oil?... Recent presentations by Saudi Aramco Representatives and a review of the technical literature allow the construction of the following table showing the evolution of Saudi Aramco reserves, Oil Initially in Place (OIIP), and recovery factors. Kenia
Posted on Monday, December 27 @ 19:29:44 PST by aaron
 
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Does Thermal Depolymerization Solve the Problem of Peak Oil?
 
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Re: A Study of the Reporting of Saudi Arabia’s Reserves —ASPO (Score: 1)
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