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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: Death, how do you feel about it?
PenultimateManStanding

Replies: 100
Views: 2708

PostForum: Psychology   Posted: Tue Jul 08, 2008 10:03 pm   Subject: Re: Death, how do you feel about it?
It's not mine that worries me.
  Topic: Has the Oil 'Superspike' Started? (Poll)
PenultimateManStanding

Replies: 45
Views: 3486

PostForum: Peak Oil Discussion   Posted: Fri Jun 06, 2008 6:54 pm   Subject: Re: Has the Oil 'Superspike' Started? (Poll)
This is where responsible serious discussion is held. This is where we learn that Monte was approached by CNN. This is where egos grapple over the seriousness of Peak Oil. See you in the Open Forum.
  Topic: Has the Oil 'Superspike' Started? (Poll)
PenultimateManStanding

Replies: 45
Views: 3486

PostForum: Peak Oil Discussion   Posted: Fri Jun 06, 2008 5:56 pm   Subject: Re: Has the Oil 'Superspike' Started? (Poll)
As far as government intervention and subsidies go, that's being phased out now is it not? The situation brewing seems to be beyond government action to remediate.
  Topic: Has the Oil 'Superspike' Started? (Poll)
PenultimateManStanding

Replies: 45
Views: 3486

PostForum: Peak Oil Discussion   Posted: Fri Jun 06, 2008 5:39 pm   Subject: Re: Has the Oil 'Superspike' Started? (Poll)

Well I'm going off topic on my own thread (somebody stop me!)My contention is that the trends are clear and the superspike is at hand within months. Of course if Deffeyes is right it'll all come cra ...
  Topic: Has the Oil 'Superspike' Started? (Poll)
PenultimateManStanding

Replies: 45
Views: 3486

PostForum: Peak Oil Discussion   Posted: Fri Jun 06, 2008 4:45 pm   Subject: Re: Has the Oil 'Superspike' Started? (Poll)

When the real superspike hits, there won't be any involvement with the value of the dollar.
Right, it would seem, based on the inflation data coming in from around the world to be history's first G ...
  Topic: Has the Oil 'Superspike' Started? (Poll)
PenultimateManStanding

Replies: 45
Views: 3486

PostForum: Peak Oil Discussion   Posted: Fri Jun 06, 2008 3:30 pm   Subject: Re: Has the Oil 'Superspike' Started? (Poll)
From a consideration of the trends of the past three years and the rate at which the doubling time is decreasing we get the following ( vastly more severe than an exponential function):

Sept 1 $25 ...
  Topic: The 2008 PO.com Oil Price Challenge (New Leader)
PenultimateManStanding

Replies: 207
Views: 18146

PostForum: Economics & Finance   Posted: Tue May 20, 2008 10:09 pm   Subject: Re: The 2008 PO.com Oil Price Challenge (New Game Starting)

$200 is the new "psychological barrier"; as in another wave of "damn, we're doomed" happensThat's pretty much the point, isn't it? I don't know if I'm the only one to notice this, I highly suspect I ...
  Topic: The 2008 PO.com Oil Price Challenge (New Leader)
PenultimateManStanding

Replies: 207
Views: 18146

PostForum: Economics & Finance   Posted: Tue May 20, 2008 9:51 pm   Subject: Re: The 2008 PO.com Oil Price Challenge (New Game Starting)
High 150.00. Low 85.00, barring WW3.High 750.00 Low: who cares.
  Topic: The 2008 PO.com Oil Price Challenge (New Leader)
PenultimateManStanding

Replies: 207
Views: 18146

PostForum: Economics & Finance   Posted: Tue May 20, 2008 6:43 pm   Subject: Re: The 2008 PO.com Oil Price Challenge (New Game Starting)
Here we are in the middle of May and it's beginning to look like sjn and roccman were the only ones whose crystal balls were working. There is some kind of acceleration in the price run-up going on. T ...
  Topic: The Spreading Food Crisis Thread (U.S. & World)
PenultimateManStanding

Replies: 1480
Views: 60883

PostForum: Current Events   Posted: Wed Apr 30, 2008 2:15 pm   Subject: Re: Effects Of Food Rationing In The US
We didn't have food rationing in the US even during WWII.
If it wouldn't take an hour to find 'em, I'd scan some of the ration coupons hidden in my Grandmas trunk somewhere.

Anyway:
"Red Stamp" ...
  Topic: The Spreading Food Crisis Thread (U.S. & World)
PenultimateManStanding

Replies: 1480
Views: 60883

PostForum: Current Events   Posted: Tue Apr 29, 2008 10:42 pm   Subject: Re: Effects Of Food Rationing In The US
My guess is that the wheat fungus problem and the spread of anti-biotic resistant bugs will tip the public over the edge.
I hear enough chatter at work to know that people are starting to get concern ...
  Topic: The Spreading Food Crisis Thread (U.S. & World)
PenultimateManStanding

Replies: 1480
Views: 60883

PostForum: Current Events   Posted: Tue Apr 29, 2008 9:17 pm   Subject: Effects Of Food Rationing In The US
We didn't have food rationing in the US even during WWII. Now I'm reading stories of various restrictions on rice and staples in various US discount stores, though there was a food scare during WWI. W ...
  Topic: The Spreading Food Crisis Thread (U.S. & World)
PenultimateManStanding

Replies: 1480
Views: 60883

PostForum: Current Events   Posted: Sat Apr 19, 2008 12:46 am   Subject: Re: Food Riots Break Out Across the Globe
You have to give specop some credit. I still am amazed that he broke his hymen. I mean, how did this redneck insensitive SOB ever find the inner strength to confess that he broke his hymen? Of course, ...
  Topic: Why All The Hate?
PenultimateManStanding

Replies: 76
Views: 774

PostForum: Psychology   Posted: Mon Apr 07, 2008 3:38 pm   Subject: Re: Why All The Hate?
I just read this over at
http://survivalacres.com/wordpress/

How about a permanent link to this site devoted just to pictures of cute kittens as an antidote to all the doom?
http://www.cutelittl ...
  Topic: Why All The Hate?
PenultimateManStanding

Replies: 76
Views: 774

PostForum: Psychology   Posted: Sat Apr 05, 2008 5:08 pm   Subject: Re: Why All The Hate?
Cute, but dogs generally want to rip cat guts apart. I paid $500 once to have a beloved cat stitched up after he was ripped apart by dogs.

Some dogs like to chase and kill and eat small critters. ...
 
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