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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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Author Message
  Topic: U.S. Attempts to Manipulate the Price of Oil
Concerned

Replies: 16
Views: 687

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 6:47 am   Subject: Re: U.S. Attempts to Manipulate the Price of Oil
It's been all but proven in the last two weeks that there is nothing wrong with the markets. One of the pretty girls on CNBC summed it up better than anyone in a comment where she said something like; ...
  Topic: Zimbabwe introduces 100-billion-dollar note
Concerned

Replies: 22
Views: 834

PostForum: Economics & Finance   Posted: Sun Jul 20, 2008 4:01 am   Subject: Re: Zimbabwe introduces 100-billion-dollar note
If you have 15 million percent inflation, what is the point of understating it?
If you can convince shop keepers to rais prices by "only" 2.2 million percent instead of 15 million percent, you have s ...
  Topic: Why Oil is Falling: Wall Street Journal item
Concerned

Replies: 43
Views: 3446

PostForum: Peak Oil Discussion   Posted: Wed Jul 16, 2008 1:07 pm   Subject: Re: Why Oil is Falling: Wall Street Journal item
There was a time not so long ago when predicting $130 oil put you in the kooky bin.

Today it's "falling" to $134/$136 *rolls eyes*

Oil will fall from it's highs of around $147/$148 on the back o ...
  Topic: Financial Economic Depletion? Economic Depletion Finances?
Concerned

Replies: 6
Views: 363

PostForum: Economics & Finance   Posted: Tue Jul 15, 2008 3:44 am   Subject: Re: Financial Economic Depletion? Economic Depletion Financ
Makes my job easier!

"Depletion Economics" was a far too nebulous description.

"Economics and Finance"? That I can work with.

Economics and Finance is all about depletion. Turning real world ...
  Topic: So, what do you think of Iran's new oil discovery?
Concerned

Replies: 18
Views: 1158

PostForum: Current Events   Posted: Mon Jul 14, 2008 3:35 am   Subject: Re: So, what do you think of Iran's new oil discovery?
Yeah, because he realized we're screwed. He's not clinging to every billion barrel field of unproven flow rates that there's not enough rigs to drill anyway like you are.

You're going to feel so s ...
  Topic: Russia using oil as a weapon?
Concerned

Replies: 12
Views: 539

PostForum: Geopolitics   Posted: Sat Jul 12, 2008 3:36 am   Subject: Re: Russia using oil as a weapon?
MOSCOW — Three days after the Czech Republic signed an agreement with the United States to host a tracking radar for an antiballistic missile system that Russia vehemently opposes, the authorities in ...
  Topic: B. Assoc issues an apocalyptic warning!!!
Concerned

Replies: 17
Views: 1657

PostForum: Current Events   Posted: Tue Jul 08, 2008 2:59 pm   Subject: Re: B. Assoc issues an apocalyptic warning!!!
Ahh we are now swimming in doomer porn.

And yet we are in act 1 scene 1.

new_popcornsmiley
  Topic: I see dead people.
Concerned

Replies: 57
Views: 2766

PostForum: Psychology   Posted: Fri Jul 04, 2008 9:22 pm   Subject: Re: I see dead people.
I guess we see people around us differently;

I think they will adapt, and compete one against the other.


If you think they will just die, I believe you are fooling yourself.

That's just my ...
  Topic: A glass half full
Concerned

Replies: 11
Views: 639

PostForum: Psychology   Posted: Fri Jul 04, 2008 8:58 pm   Subject: Re: A glass half full
Of course in real life the glass is BOTH half full and half empty at the same time.

And the burning question is "Does it need to be emptied or refilled?"

Oh it will be emptied i've no doubt, we ...
  Topic: A glass half full
Concerned

Replies: 11
Views: 639

PostForum: Psychology   Posted: Fri Jul 04, 2008 6:53 pm   Subject: Re: A glass half full
Of course in real life the glass is BOTH half full and half empty at the same time.
  Topic: I see dead people.
Concerned

Replies: 57
Views: 2766

PostForum: Psychology   Posted: Wed Jul 02, 2008 3:25 pm   Subject: Re: I see dead people.
They are real people with real lives and some of them are smarter and more resourceful than you are.Alas, there's no need for you to tell me I'm not too smart. I'm reminded of that daily.

I see lot ...
  Topic: Peanut butter sales?
Concerned

Replies: 20
Views: 1446

PostForum: Economics & Finance   Posted: Tue Jul 01, 2008 4:26 am   Subject: Re: Peanut butter sales?
One should not confuse economic theory(s) with the economy. Nor economics with political interference in the economy.



One should not confuse economics with science.
  Topic: Arctic Holds 100 Billion Bbl Oil In Unexplored Fields
Concerned

Replies: 42
Views: 1886

PostForum: Current Events   Posted: Tue Jul 01, 2008 4:23 am   Subject: Re: Arctic Holds 100 Billion Bbl Oil In Unexplored Fields
Approx 3.5 years supply at current usage levels. Mmmmm oil.

You mean we are saved?

Nope in the context of what we are using it's GAME OVER...
  Topic: Arctic Holds 100 Billion Bbl Oil In Unexplored Fields
Concerned

Replies: 42
Views: 1886

PostForum: Current Events   Posted: Tue Jul 01, 2008 12:29 am   Subject: Re: Arctic Holds 100 Billion Bbl Oil In Unexplored Fields
Approx 3.5 years supply at current usage levels. Mmmmm oil.
  Topic: Peanut butter sales?
Concerned

Replies: 20
Views: 1446

PostForum: Economics & Finance   Posted: Mon Jun 30, 2008 12:57 am   Subject: Re: Peanut butter sales?
This thread reminds me of Life of Brian where they interperet the sandal as a sign for various things.

Economics is not a science, never was never will be way too much politics involved. Besides wh ...
 
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