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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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Canadian Oil Sands Trust releases 2003 year-end reserves information
Geology; Reserves; Oil Fieldsit says:
total proved plus probable reserves = 1,849 million barrels of Syncrude Sweet Blend

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Posted on Wednesday, March 24 @ 17:49:38 PST by admin
 
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Re: Canadian Oil Sands Trust releases 2003 year-end reserves information (Score: 1)
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