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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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Mabro On The Futures Markets And The Price Of Oil
Business News; Market Research
If OPEC believes that a tight market will continue in the near future it should cease talking temporarily about quotas and simply say that demand will be met up to the limit of capacity and that after that point is reached the entire game is in the hands of the market.

PetroleumWorld
Posted on Saturday, May 29 @ 16:27:35 PDT by admin
 
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Most read story about Business News; Market Research:
OPEC IS NO LONGER ABLE TO CONTAIN OIL PRICES
 
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Re: Mabro On The Futures Markets And The Price Of Oil (Score: 1)
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