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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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Lebanese worried that Hydrogen Tycoons will supplant oil industry
Hydrocarbon Alternativesbuster writes:
A recent 500-page report by America's National Academy of Science concluded that "hydrogen has the potential for replacing essentially all gasoline and eliminating almost all CO2 from vehicular emissions over the next 50 years.

Lebanon Daily Star
Posted on Saturday, August 28 @ 04:31:30 PDT by admin
 
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