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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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Natural Gas Pipeline project with Pakistan, India, Iran on
Production; Extraction; Exploration
Given the average 7 pct economic growth rate in both countries, Aziz said Pakistan's offer of "an energy corridor through Pakistan to India" is justified by the increasing needs of both countries for imported energy. A third of the gas would serve Pakistan and the rest would go to India.

India Daily
Posted on Friday, January 28 @ 05:14:47 PST by admin
 
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