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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: Speculators
Zardoz

Replies: 16
Views: 420

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 5:56 pm   Subject: Re: Speculators
The report is a crock -- a bunch of mumbo-jumbo to throw people off the scent and protect the CFTC's Wall Street/hedge fund constituency.

Amazingly, the report clears everybody of responsibility. M ...
  Topic: Housing & Economic Collapse - In Progress - #2
Zardoz

Replies: 1351
Views: 75892

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 5:03 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
Double post. Sorry.
  Topic: Housing & Economic Collapse - In Progress - #2
Zardoz

Replies: 1351
Views: 75892

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 5:01 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
...Their order sent out last week has greatly discouraged all kinds of short selling, not just naked short selling they obstensibly were trying to stop.
The irrepressible Kunstler on naked short sell ...
  Topic: RIP: Man-Made Global Warming Fears 1988-2008
Zardoz

Replies: 55
Views: 2074

PostForum: Environment   Posted: Wed Jul 23, 2008 3:18 pm   Subject: Re: Hippies lose, neocons win
The Senate Republicans are putting the final nails in the coffin of the global warming scam. Capitalism wins. The green anti-capitalists lose forever.
ROFLMFACO!!!!

Okay, that ices it. The Voge ...
  Topic: Housing & Economic Collapse - In Progress - #2
Zardoz

Replies: 1351
Views: 75892

PostForum: Economics & Finance   Posted: Tue Jul 22, 2008 4:46 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
CBS News put up a nice little article sort of summing up all that we're facing. The gist of it is that nobody has a solution:

Experts Say The Nation's Financial Straits Will Get Worse, And There I ...
  Topic: RIP: Man-Made Global Warming Fears 1988-2008
Zardoz

Replies: 55
Views: 2074

PostForum: Environment   Posted: Tue Jul 22, 2008 12:20 pm   Subject: Re: RIP: Man-Made Global Warming Fears 1988-2008
Got this today from the American Physical Society...
Okay, Vogelzoid, et al! Let's have your responses to this one!

We can't wait! This should be a major hoot!
  Topic: Global Economy Max. Danger Warning . . .
Zardoz

Replies: 51
Views: 1841

PostForum: Economics & Finance   Posted: Tue Jul 22, 2008 11:19 am   Subject: Re: Global Economy Max. Danger Warning . . .
...But yes, the outcome of what Marx envisioned and the reality were two different things, which isn't too surprising really as he wrote it as an ideal solution not counting on the human condition.
Y ...
  Topic: RIP: Man-Made Global Warming Fears 1988-2008
Zardoz

Replies: 55
Views: 2074

PostForum: Environment   Posted: Tue Jul 22, 2008 7:34 am   Subject: Re: RIP: Man-Made Global Warming Fears 1988-2008
Once again, it's fascinating to watch the denialists struggle and scramble and scrape to come up with rationales for the events that are unfolding all around them at ever-increasing speed.

Like Gro ...
  Topic: When will the oil supply peak? Some say it already has
Zardoz

Replies: 31
Views: 1582

PostForum: Current Events   Posted: Tue Jul 22, 2008 7:26 am   Subject: Re: When will the oil supply peak? Some say it already has
It's not mainstream until Oprah Winfrey starts talking about it!
When PO reaches the point where bleeding-heart liberal feminist women talk about topics like EROEI or overshoot in coffee shops instea ...
  Topic: The Onion said BushCo would be disastrous in 2001
Zardoz

Replies: 11
Views: 434

PostForum: Americas Discussion   Posted: Mon Jul 21, 2008 4:32 pm   Subject: Re: The Onion said BushCo would be disastrous in 2001
"We as a people must stand united, banding together to tear this nation in two," Bush said. "Much work lies ahead of us: The gap between the rich and the poor may be wide, be there's much more widenin ...
  Topic: The Onion said BushCo would be disastrous in 2001
Zardoz

Replies: 11
Views: 434

PostForum: Americas Discussion   Posted: Mon Jul 21, 2008 3:47 pm   Subject: The Onion said BushCo would be disastrous in 2001
Ya gotta read this. Did they call it or what?

"My fellow Americans," Bush said, "at long last, we have reached the end of the dark period in American history that will come to be known as the Clin ...
  Topic: RIP: Man-Made Global Warming Fears 1988-2008
Zardoz

Replies: 55
Views: 2074

PostForum: Environment   Posted: Thu Jul 17, 2008 5:56 pm   Subject: Re: RIP: Man-Made Global Warming Fears 1988-2008
"Opinions expressed are those of the authors alone and do not necessarily reflect the views of the APS or of the Forum."
Vogelzoid, you really need to find something else to do.
  Topic: Another Record ($147.27)
Zardoz

Replies: 308
Views: 20818

PostForum: Current Events   Posted: Wed Jul 16, 2008 2:21 pm   Subject: Re: Another Record ($147.27)
Doomerism is now mainstream.
Big time. You should've seen the CNBC bunch Monday morning. They were as bad as us. They really do seem to be genuinely scared.
  Topic: Henry Kissinger and Colin Powell on board
Zardoz

Replies: 39
Views: 2003

PostForum: Current Events   Posted: Wed Jul 16, 2008 2:08 pm   Subject: Re: Henry Kissinger and Colin Powell on board
Wow, what a car wreck of a thread.
Amen, brother. Didn't go well at all, did it?

We're completely missing the historical significance of this bunch drafting this document. Screw the "taint" we m ...
  Topic: Housing & Economic Collapse - In Progress - #2
Zardoz

Replies: 1351
Views: 75892

PostForum: Economics & Finance   Posted: Tue Jul 15, 2008 1:24 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
Too bad. This thread will wither and die here.
 
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