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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: Housing & Economic Collapse - In Progress - #2
Tuike

Replies: 1295
Views: 72038

PostForum: Economics & Finance   Posted: Mon Jul 14, 2008 1:37 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
Fannie & Freddie was number one news on the evening tv news here.

News reader said to a reporter in the USA: There have been fears of bankrupcy wave of banks in Usa, how does the future look i ...
  Topic: 2008 Hurricane/Typhoon/Cyclone Season
Tuike

Replies: 55
Views: 5173

PostForum: Current Events   Posted: Mon Jul 07, 2008 3:56 pm   Subject: Re: 2008 Hurricane/Typhoon/Cyclone Season
Finnish tv stations MTV3's web news says Bertha is already a category 3 hurricane.

[url=http://www.mtv3.fi/uutiset/ulkomaat.shtml/arkistot/ulkomaat/2008/07/670987]Original Article
[url=http://www. ...
  Topic: Record Diesel engine fuels price thread.
Tuike

Replies: 167
Views: 15042

PostForum: Current Events   Posted: Thu Jul 03, 2008 7:16 am   Subject: Re: Record Diesel engine fuels price thread.
Heating oil futures: $4.10 broken.
  Topic: Five million Indian truckers strike over fuel prices
Tuike

Replies: 1
Views: 226

PostForum: Current Events   Posted: Wed Jul 02, 2008 9:14 am   Subject: Five million Indian truckers strike over fuel prices
Nearly five million Indian lorry drivers went on strike yesterday to protest against the surge in fuel prices and in a move that could paralyse the country's economy.

Trucks ferry nearly 70 per ce ...
  Topic: Today in Spain I got scared
Tuike

Replies: 96
Views: 9230

PostForum: Peak Oil Discussion   Posted: Wed Jun 11, 2008 7:24 am   Subject: Re: Today in Spain I got scared
Here's some doomer porn at guardian.co.uk website.

Supermarket shelves were running empty, panic-buying at petrol stations continued, ferries to the mainland were stopped due to a lack of fuel, and ...
  Topic: Tracking fuel prices going into 2008
Tuike

Replies: 29
Views: 4475

PostForum: Europe Discussion   Posted: Tue Jun 10, 2008 8:47 am   Subject: Re: Tracking fuel prices going into 2008
Here at local gas station I saw regural 95 gasoline sold at 1.62 €/l ( 9.50 $/gal ) Diesel was around 1.45 €/l ( 8.50 $/gal ) Record numbers here.
  Topic: Another Gasoline Record
Tuike

Replies: 487
Views: 38262

PostForum: Current Events   Posted: Tue Jun 10, 2008 8:36 am   Subject: Re: Another Gasoline Record
Here at local gas station I saw regural 95 gasoline sold at 1.62 €/l ( 9.50 $/gal ) Diesel was around 1.45 €/l ( 8.50 $/gal ) Record numbers here.
  Topic: Worldwide gas price related strikes
Tuike

Replies: 5
Views: 440

PostForum: Current Events   Posted: Fri Jun 06, 2008 2:01 pm   Subject: Re: Worldwide gas price related strikes
There was an article in today's HS newspaper about fuel riots all over the world. I'll translate the beginning of the article manually.

Operation Snail blocks highways all over France. In Bryssels ...
  Topic: Another Gasoline Record
Tuike

Replies: 487
Views: 38262

PostForum: Current Events   Posted: Fri Jun 06, 2008 12:16 pm   Subject: Re: Another Gasoline Record
RBOB: $3.50 broken.
  Topic: Finland News Thread
Tuike

Replies: 2
Views: 778

PostForum: Europe Discussion   Posted: Tue Jun 03, 2008 4:48 pm   Subject: Re: Finland News Thread
There's an article on HS newspaper's website that rising diesel costs hinder public transport in capital area and the article spells hard times for bus travellers.

I can't link it because the link ...
  Topic: Energy, Computing and the Internet (merged)
Tuike

Replies: 457
Views: 5065

PostForum: Conservation and Efficiency   Posted: Sun Jun 01, 2008 11:43 am   Subject: Re: Need Low-Energy Computing Info/Forum
I bought a Linutop 2 computer for surfing and e-mail purposes, where one of the links in the first post go. It's very nice. 8W power consumpton and makes no noise. It had an annoying bug when it boote ...
  Topic: Spring Weather 2008
Tuike

Replies: 146
Views: 10094

PostForum: Environment   Posted: Fri May 30, 2008 1:02 pm   Subject: Re: Spring Weather 2008
I watched evening tv news if there was news about the fuel protests in Southern Europe, but there wasn't. Instead there was news about heavy rain and floods in many European countries.

ROME (AFP) — ...
  Topic: Spring Weather 2008
Tuike

Replies: 146
Views: 10094

PostForum: Environment   Posted: Wed May 28, 2008 1:43 pm   Subject: Re: Spring Weather 2008
We have got quite a normal spring weather in Finland (now around 10-20C), but I found this about eastern Europe and Balkans:
Eastern Europe sweltered in a pre-summer heat wave Wednesday that pushed t ...
  Topic: Tracking fuel prices going into 2008
Tuike

Replies: 29
Views: 4475

PostForum: Europe Discussion   Posted: Tue May 27, 2008 7:44 am   Subject: Re: Tracking fuel prices going into 2008
95 gasoline is over 1.50 €/liter at many stations and diesel has crossed 1.40 barrier.
  Topic: Another Gasoline Record
Tuike

Replies: 487
Views: 38262

PostForum: Current Events   Posted: Wed May 21, 2008 2:20 pm   Subject: Re: Another Gasoline Record
RBOB at 3.40 USD/gal
 
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