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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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Shell's Shale Plans...? (or Why I Am an Oil Shale Skeptic)
Production; Extraction; ExplorationGuest writes:

It isn't hard to see why I am an oil shale skeptic. I outlined my reasons in two essays on oil shale. In those essays, I provided some history of oil shale, discussed Shell's unique process, as well as the reasons those "trillions of barrels" remain elusive. But one of Shell's recent moves has raised some eyebrows, as they are in the process of buying up water rights in Colorado to process the shale.

The Oil Drum

Posted on Monday, May 12 @ 13:31:51 PDT by Leanan
 
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Does Thermal Depolymerization Solve the Problem of Peak Oil?

 
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