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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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Longbow Energy Makes New Pool Discovery

and they'll spud this well in July

LongBow Energy has made a new pool wildcat discovery at Watts Lake in the Provost area of Alberta.

rigzone

Posted on Saturday, March 20 @ 15:07:10 PST by admin

Most read story about Geology; Reserves; Oil Fields:
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