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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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Saudis, Oil, Israel & America
Public Policy; Political and Legal NewsSome important connections have been sketched out recently - hidden but in plain view. Consider what Prime Minister Sharon's National Security Advisor (and former Mossad chief), Efraim Halevy has to say:

"In a visit to the United States two weeks ago, I was told by several well-informed observers that should one of the more severe scenarios come to pass, the United States will have no choice but to deepen its presence in the Middle East. To that end, it will have to renew the draft, to ensure that there are enough forces to deal with developing situations in countries like Saudi Arabia."

The 'scenario' being talked about is the entirely possible overthrow of the Saudi monarchy. Israeli and American national security professionals are conversing about the likely consequences of present US policy: the need to use military force to secure 'our' supply of cheap oil.



Posted on Friday, April 29 @ 13:57:48 PDT by Carrie
 
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ARE We Out of Gas Yet?

 
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