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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: Haisai, as they say in Okinawa
Ferretlover

Replies: 4
Views: 103

PostForum: Welcome   Posted: Sat Jul 19, 2008 10:15 pm   Subject: Re: Haisai, as they say in Okinawa
Welcome, Chanpuru. I think that studying the earth is a wise decision. It certainly is going through a lot of changes.
  Topic: Two new forums
Ferretlover

Replies: 88
Views: 2740

PostForum: -Board Kiosk-   Posted: Sat Jul 19, 2008 9:44 pm   Subject: Re: Two new forums
As site administrators, Aaron and myself stand behind our moderators and trust their judgement.
MQ action vote:
two week ban-moderator disrespect
100% [ 11 ]
formal warning-general coc v ...
  Topic: What WON'T you miss?
Ferretlover

Replies: 73
Views: 2673

PostForum: Peak Oil Discussion   Posted: Sat Jul 19, 2008 6:57 pm   Subject: Re: What WON'T you miss?
I'm not going to miss stupid, clueless people, and jeez, are there an awful lot of them.
  Topic: Two new forums
Ferretlover

Replies: 88
Views: 2740

PostForum: -Board Kiosk-   Posted: Sat Jul 19, 2008 10:30 am   Subject: Re: Two new forums
We are out to give those who'd like to discuss personal and community mitigation strategy some threads that are free from dieoff discussion.
That is enabling the denial of reality.
MonteQuest, it i ...
  Topic: Two new forums
Ferretlover

Replies: 88
Views: 2740

PostForum: -Board Kiosk-   Posted: Sat Jul 19, 2008 8:55 am   Subject: Re: Two new forums
I appreciate all of the comments from members so far. I think, however, that some of you are overreacting to this change. ... Also, I am very tired of reading posts in which one member discusses kil ...
  Topic: Two new forums
Ferretlover

Replies: 88
Views: 2740

PostForum: -Board Kiosk-   Posted: Sat Jul 19, 2008 5:39 am   Subject: Re: Two new forums
The die-off discussion is important. It should continue but it is too important to be discredited through name calling or the more distasteful elements that have come to characterize the issue.
If s ...
  Topic: FDIC - freeze large dep. if a run occurs . . .
Ferretlover

Replies: 28
Views: 1057

PostForum: Economics & Finance   Posted: Fri Jul 18, 2008 2:17 pm   Subject: Re: FDIC - freeze large dep. if a run occurs . . .
What qualifies as a large deposit? Shocked I'm tempted to say "screw this" and move whatever cash I have out of the country. I wonder if I can set up an account through that friend of ours in Zurich... I ...
  Topic: People, please stop posting super long links
Ferretlover

Replies: 6
Views: 293

PostForum: Suggestion Box   Posted: Wed Jul 16, 2008 9:47 pm   Subject: Re: Crackdown on long links posted
Check your PM, Hogan. Smile
  Topic: GM cancels healthcare
Ferretlover

Replies: 76
Views: 2523

PostForum: Economics & Finance   Posted: Wed Jul 16, 2008 6:16 pm   Subject: Re: GM cancels healthcare
All this means LESS MONEY FOR BIG HOSPITALS? No wonder why they want universal health care, they want big government to pick up the tab when the masses our unemployed.
Maybe if the pharmacutical com ...
  Topic: GM cancels healthcare
Ferretlover

Replies: 76
Views: 2523

PostForum: Economics & Finance   Posted: Wed Jul 16, 2008 2:17 pm   Subject: Re: GM cancels healthcare
HHHmmm... This move should give GM some additional money to carry on a bit longer... until the majority of workers leave.
  Topic: An Open Letter to All Airline Customers
Ferretlover

Replies: 16
Views: 1122

PostForum: Economics & Finance   Posted: Wed Jul 16, 2008 5:52 am   Subject: Re: An Open Letter to All Airline Customers
Pup, +1 !
  Topic: "Oil drops by most in 17 years"
Ferretlover

Replies: 39
Views: 1992

PostForum: Current Events   Posted: Wed Jul 16, 2008 4:51 am   Subject: Re: "Oil drops by most in 17 years"
I can't say I ain't as guilty as anyone else. I suppose the only way to know for certain would be to assess the impact of how people view time periods. Is "ever" seen as more or less powerful than a ...
  Topic: "Oil drops by most in 17 years"
Ferretlover

Replies: 39
Views: 1992

PostForum: Current Events   Posted: Tue Jul 15, 2008 5:12 pm   Subject: Re: "Oil drops by most in 17 years"
What gets me is that Bush has lifted the ban on drilling, and wants Congress to go along with that choice.
Does no-one in MSM seen this as an indication that things are getting Really bad?
  Topic: "Oil drops by most in 17 years"
Ferretlover

Replies: 39
Views: 1992

PostForum: Current Events   Posted: Tue Jul 15, 2008 5:00 pm   Subject: Re: "Oil drops by most in 17 years"
And, 17 years ago a barrel of oil was how much?
Just remember: with the price of oil is two steps forward, one step back.
With the Dow, it is two steps backward, and one step forward.
  Topic: IndyMac Bank shut down by Federal Government
Ferretlover

Replies: 49
Views: 2595

PostForum: Economics & Finance   Posted: Tue Jul 15, 2008 6:33 am   Subject: Re: IndyMac Bank shut down by Federal Government
It's going to be quite interesting to see what the common man/bank customers do now and how they affect the financial markets.
All those 10,000 plus IndyMac customers are going to be leary of depos ...
 
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