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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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Search found 58 matches
Peakoil.com Forum Index
Author Message
  Topic: Russian President Predicts $150 Oil
Sleepybag

Replies: 11
Views: 660

PostForum: Current Events   Posted: Thu Jul 03, 2008 3:17 am   Subject: Re: Russian President Predicts $150 Oil
Oil has already hit 145 dollars a barrel this morning.

I guess he predicted that oil would hit 150... today.
  Topic: Why Your Electricity Meter Sucks
Sleepybag

Replies: 17
Views: 1780

PostForum: Current Events   Posted: Fri Jul 27, 2007 4:17 am   Subject: Re: Why Your Electricity Meter Sucks
I don't know the situation in the States, but here in The Netherlands, a lot of people have an electricity meter with two clocks. On workdays, twice a day, a signal is send over the grid, which forces ...
  Topic: Conventional oil production peaked ... in 2005
Sleepybag

Replies: 5
Views: 1047

PostForum: Current Events   Posted: Fri May 18, 2007 1:39 pm   Subject: Conventional oil production peaked ... in 2005
http://www.peakoil.nl/wp-content/uploads/2007/05/oilwatch11.png

According to the Dutch branche of the PeakOil network, the production peak of conventional oil is likely to be already behind us. Bac ...
  Topic: Is this debunking PO?
Sleepybag

Replies: 15
Views: 2288

PostForum: Current Events   Posted: Thu Aug 03, 2006 3:36 am   Subject: Re: Is this debunking PO?
He is trying to discredit Simmons by claiming he is 'controversial' and 'dubious'. This a a common technique in arguments. If you can't question the statement, then try questioning the one that made t ...
  Topic: The incredibly shrinking forum
Sleepybag

Replies: 13
Views: 3018

PostForum: Technical Support   Posted: Wed Jul 26, 2006 3:12 am   Subject: Re: The incredibly shrinking forum
The fact that only the most recent forum discussion topics are listed in the right hand column fosters the creation of new topics. This is obviously not a bad thing in itself, but the result is that a ...
  Topic: Running Out of Oil
Sleepybag

Replies: 13
Views: 1926

PostForum: Current Events   Posted: Wed Jul 19, 2006 6:08 am   Subject: Re: Running Out of Oil
According to the explanation on the website , it is logical for 'proven' reserves to grow over time, until you run out of 'probable' reserves to eat. As time goes by, engineers learn more about an oil ...
  Topic: Global dimming vs Global warming
Sleepybag

Replies: 22
Views: 2538

PostForum: Environment   Posted: Mon Jul 17, 2006 6:35 am   Subject: Re: Global dimming vs Global warming
I'm very confident we'll cope economically with biofuels easily.

Eurostat calculated that the EU production of rapeseed will be 16.2 million tons this year. At the same time, the EU will consume a ...
  Topic: IEA: 'Asia biggest consumer of oil in 2011'
Sleepybag

Replies: 0
Views: 582

PostForum: Current Events   Posted: Wed Jul 12, 2006 6:51 am   Subject: IEA: 'Asia biggest consumer of oil in 2011'
Asia biggest consumer of oil in 2011
In 2011, Asia will consume more oil than North America. This is the result of the strong growth of the economies in the region.

Expansion
This is stated in th ...
  Topic: Saudi may boost heavy-oil reserves with steam
Sleepybag

Replies: 24
Views: 2445

PostForum: Current Events   Posted: Mon Jul 10, 2006 5:24 am   Subject: Re: Saudi may boost heavy-oil reserves with steam
What will the Eroei be? Steaming up the heavy oil must cost a lot of energy. So therefor, this technique will drop the ERoEI significantly.

How much will they be able to increase production? I mea ...
  Topic: Chaotic Dubai builds up ... as oil dries up
Sleepybag

Replies: 21
Views: 2723

PostForum: Current Events   Posted: Sat Jul 08, 2006 12:21 pm   Subject: Re: Chaotic Dubai builds up ... as oil dries up
Dubai as the leading centre for commerce and tourism in the world
When there are no fossil fuels to spare in the world, I wonder how many tourists will go to a place like Dubai.
  Topic: Oil Sands Cost Explosion
Sleepybag

Replies: 8
Views: 1624

PostForum: Current Events   Posted: Fri Jul 07, 2006 8:15 am   Subject: Re: Oil Sands Cost Explosion
Oil sands will be too expensive to develop having a ngative EROEI?
I guess you mean an EROEI between 0 and 1.

It is quite possible that oil companies will be interested in fuels that have an EROE ...
  Topic: Kuwait opposition wants to halve oil exports
Sleepybag

Replies: 2
Views: 885

PostForum: Current Events   Posted: Wed Jul 05, 2006 5:38 am   Subject: Kuwait opposition wants to halve oil exports
The Kuwait opposition, 33 out of 50 seats in parliament, wants to keep oil production at a maximum of about one percent of their reserves. However, the reserves themselves were inflated in the 1980's ...
  Topic: The airlines admit to Peak Oil (!!)
Sleepybag

Replies: 32
Views: 4086

PostForum: Current Events   Posted: Tue Jul 04, 2006 3:27 pm   Subject: Re: The airlines admit to Peak Oil (!!)
Could this be the article?
Peak Oil: The Coming Global Crisis and the Decline of Aviation
By Drs. Alex Kuhlman
October 29, 2005

Although debated and denied frequently, a massive shortfall in oil ...
  Topic: Beginning of the End for Big Auto?
Sleepybag

Replies: 15
Views: 2268

PostForum: Current Events   Posted: Tue Jul 04, 2006 5:21 am   Subject: Re: Beginning of the End for Big Auto?
DETROIT (Reuters) -- Detroit's Big Three automakers all posted dismal June sales on Monday, while Toyota saw gains.

General Motors (Charts), the world's largest automaker, said its U.S. sales fell ...
  Topic: Good news from Dallas: democracy will liberate oil
Sleepybag

Replies: 8
Views: 1238

PostForum: Current Events   Posted: Wed Jun 28, 2006 4:07 am   Subject: Re: Good news from Dallas: democracy will liberate oil
America just needs to occupy bring democracy to Venezuela, Nigeria, Saudi Arabia, Iran and Russia. Boy the inhabitants of those countries will be thrilled. America will have all the oil for its future ...
 
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