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.
"The situation could become a nightmare here," said Brig. Torhan Abdulrahman, an ethnic Turkmen who oversees a force composed mostly of Arabs. "Oil could cause civil war. It is our curse."
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