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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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Uranium miner surges on profit
Business News; Market ResearchBabyPeanut writes: Uranium miner surges on profit
January 31, 2005
From: AAP

SHARES in uranium miner Energy Resources of Australia rocketed by 18 per cent in early trade today after the company announced a near doubling of net profits for 2004.

Energy Resources said sales in 2005 were expected to be at a similar level to 2004.
News.com.au
Posted on Sunday, January 30 @ 18:41:12 PST by aaron
 
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