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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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  Topic: Sprott says 8% decline... that's a 9-year halving time
Quizzle

Replies: 26
Views: 5753

PostForum: Peak Oil Discussion   Posted: Mon Jul 04, 2005 8:24 am   Subject: Sprott says 8% decline... that's a 9-year halving time
In fact, the U.S. may essentially be bankrupt in a few years because of its war on terrorism and its debt-ridden economic system.


The United States has already fallen into a defict.
  Topic: Members Photo Gallery:Post your picture!
Quizzle

Replies: 208
Views: 137723

PostForum: Welcome   Posted: Mon Jul 04, 2005 8:14 am   Subject: Members Photo Gallery:Post your picture!
Punk Rockers (Punk Lifestyle) has also been majorly influenced by political scenese and country movements, as well have always seemed to be interested in future lifestyles and how our surroundings wil ...
  Topic: What are we going to do?
Quizzle

Replies: 35
Views: 5249

PostForum: Welcome   Posted: Mon Jul 04, 2005 7:59 am   Subject: What are we going to do?
Hi guys, I just joined the forum. I yet haven't come across one of the most concerning conflict within myself about the oil peak crisis. When in fact the oil is run dry, how come I haven't read about ...
 
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