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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: Slavery by another name
Jack

Replies: 20
Views: 649

PostForum: Book/Media Reviews   Posted: Mon Jul 21, 2008 6:07 pm   Subject: Re: Slavery by another name
There is communism, where everyone is equal...everyone produces the same, everyone gets the same. No one gets a free ride, no one gets to live off the production of others.
Except the General Secret ...
  Topic: Slavery by another name
Jack

Replies: 20
Views: 649

PostForum: Book/Media Reviews   Posted: Mon Jul 21, 2008 3:21 pm   Subject: Re: Slavery by another name
I suspect that the issue of involuntary servitude could best be represented as a spectrum ranging from chattel slavery at the worst up through certain entry-level jobs in our present day society. For ...
  Topic: You Want it to Happen!
Jack

Replies: 44
Views: 6694

PostForum: Psychology   Posted: Sat Jul 19, 2008 3:01 pm   Subject: Re: You Want it to Happen!

Hw do you respond to people who say you "want it to happen" just because you believe PO is a fact?

Personally, it makes me want to cry....

I tell them they are correct. I do want it to happen ...
  Topic: FDIC - freeze large dep. if a run occurs . . .
Jack

Replies: 33
Views: 1538

PostForum: Economics & Finance   Posted: Fri Jul 18, 2008 12:27 pm   Subject: Re: FDIC - freeze large dep. if a run occurs . . .
Probably anything above the $100,000 limit.

Keep your deposits small, well diversified, and low key. Move things around, but do it quietly. Gray man kinda deal.

Learn about smurfing. Don't do ...
  Topic: WTH is going on with the markets right now?
Jack

Replies: 73
Views: 3092

PostForum: Economics & Finance   Posted: Thu Jul 17, 2008 2:37 pm   Subject: Re: WTH is going on with the markets right now?
True. And point and figure includes a count down to $120.

Could you elaborate on that?

Point and figure charts deal with price action only, and do not incorporate any factor of time. The price ...
  Topic: WTH is going on with the markets right now?
Jack

Replies: 73
Views: 3092

PostForum: Economics & Finance   Posted: Thu Jul 17, 2008 2:17 pm   Subject: Re: WTH is going on with the markets right now?
Three day's action does not a trend make.

I wouldn't write off this downturn that easily. This thing's still got some momentum behind it. Clearly it is a correction in a long term bull market and ...
  Topic: WTH is going on with the markets right now?
Jack

Replies: 73
Views: 3092

PostForum: Economics & Finance   Posted: Thu Jul 17, 2008 1:36 pm   Subject: Re: WTH is going on with the markets right now?
My take, oil prices finally got high enough that demand destruction happened and price is correcting down to a more sustainable slope.

Exactly. Take a look at the Baltic Dry Index. It suggests d ...
  Topic: Henry Kissinger and Colin Powell on board
Jack

Replies: 39
Views: 2058

PostForum: Current Events   Posted: Wed Jul 16, 2008 7:00 pm   Subject: Re: Henry Kissinger and Colin Powell on board

Jack - meet your new boss...

Works for me. Fortunately, I've never found moral or ethical considerations to be an impediment.

Cool
  Topic: Henry Kissinger and Colin Powell on board
Jack

Replies: 39
Views: 2058

PostForum: Current Events   Posted: Wed Jul 16, 2008 6:46 am   Subject: Re: Henry Kissinger and Colin Powell on board
What totally stupid crap. You think you own peak oil. Get off my raft crap. You are really sick pstarr.

I suggest you cease the personal attacks.
  Topic: 'Old-timer' status tag
Jack

Replies: 15
Views: 535

PostForum: Suggestion Box   Posted: Tue Jul 15, 2008 5:42 am   Subject: Re: 'Old-timer' status tag
I propose a special 4-year board member tag near the avatar for members that have been on PO.com for at least four years. Such as a small mark that says '4 Years', 'Old-Timer' text, or something like ...
  Topic: Peak Popcorn!
Jack

Replies: 7
Views: 490

PostForum: Current Events   Posted: Mon Jul 14, 2008 2:20 pm   Subject: Re: Peak Popcorn!
All you doomers who ask to pass the popcorn with every new gloomy news item may need to find a new entertainment snack.


No, this will only make the popcorn taste better.

It's like watching ima ...
  Topic: The Charity Thread
Jack

Replies: 9
Views: 299

PostForum: Current Events   Posted: Mon Jul 14, 2008 10:11 am   Subject: The Charity Thread
Think nothing of it.
As a side note, George W. Bush has authorized a 15 million dollar aid gift to the affected, along with a 20 million line of credit.


Those affected? By what? The heartbre ...
  Topic: Confessions of a Grocery stocker .
Jack

Replies: 86
Views: 4839

PostForum: Peak Oil Discussion   Posted: Mon Jul 14, 2008 9:09 am   Subject: Re: Confessions of a Grocery stocker .
Great post, Mack12345!

Thank you for your informative posts.

Cool
  Topic: EIA's International Petroleum Monthly
Jack

Replies: 63
Views: 6246

PostForum: Current Events   Posted: Sat Jul 12, 2008 12:12 pm   Subject: Re: EIA's International Petroleum Monthly
What the hell am I supposed to think now?

You could always conclude that the cornys are correct and then go out and purchase a large SUV.

I trust that will not happen.

Cool
  Topic: At what point do you say F it?
Jack

Replies: 29
Views: 1204

PostForum: Psychology   Posted: Sat Jul 12, 2008 10:35 am   Subject: Re: At what point do you say F it?
Would you really want to go on living locked in a bunker all alone?

Sounds like Heaven.

Cool
 
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