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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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The Coming Collapse of China
Consumption; Demand; Prices Here's a review of a new book "The Coming Collapse of China"
By Gordon C Chang
you can guess what it's about

review on oilbarrel
Posted on Tuesday, March 16 @ 00:40:43 PST by admin
 
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Most read story about Consumption; Demand; Prices:
Forget About Cheap Oil

 
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Re: The Coming Collapse of China (Score: 0)
by Guest on Monday, May 10 @ 01:45:44 PDT
RAILWAY EXPANSION in China is an indication of hedging. The rapid motorization of Chinese transport is quite possibly short-lived, with realization of the vulnerabilities that come with over-emphasis of highway transport. USA lack of foresight leading to dismemberment of much rail infrastructure will not be repeated by Chinese authorities.

The Chinese will attempt to minimize the severity of their fallback position with an early rationing program on motor fuel, and accelerated creation of rail/trucking interface to enhance the best features of surface transport modes.

China has Hydropower and coal for steel and electric railways; talk of collapse is premature. Unless Chinese automania overrules.

Tahoe Valley Lines



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