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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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Peak Platinum, Perhaps?
Consumption; Demand; PricesThe very small club of platinum group metals producers and traders is currently basking in the warmth of sustained high prices for their highest volume products, platinum and palladium. This is due to the public perception that as more and more cars and trucks are built with internal combustion engines (ICEs), the demand for platinum group metals (PGMs) for emission control catalysts and particulate filters will increase ahead of supply.


resourceinvestor
Posted on Wednesday, February 28 @ 00:15:41 PST by Waegari
 
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