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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: Graeme's Energy News Releases
phaeryen

Replies: 67
Views: 2806

PostForum: Current Events   Posted: Tue Jun 17, 2008 3:38 pm   Subject: Re: Graeme's Energy News Releases
From a moderators standpoint, I don't think its that big a deal really. Graeme is harmless , he is not being inflammatory, profane or immature.

He even serves as a sort of denial barometer I think ...
  Topic: Housing & Economic Collapse - In Progress - #2
phaeryen

Replies: 1351
Views: 75884

PostForum: Economics & Finance   Posted: Sun Jun 15, 2008 7:25 am   Subject: Re: Housing & Economic Collapse - In Progress - #2
threadbear said:

Look Kid, Keep a civil attitude. Your ridicule of a highly respected poster here, says way more about you, than him.

He’s the one who started the derogatory comments about two p ...
  Topic: Graeme's Energy News Releases
phaeryen

Replies: 67
Views: 2806

PostForum: Current Events   Posted: Sun Jun 15, 2008 7:14 am   Subject: Re: 'North Sea oil will last for 100 years'
Yes, the North Sea is in decline and I seriously doubt this article is correct. But let's give Graeme a break, shall we? I don't agree with much of what he posts, but at least he is offering a mature ...
  Topic: Spanish, French, Portuguese Truck Drivers Fuel Protests
phaeryen

Replies: 10
Views: 890

PostForum: Current Events   Posted: Wed Jun 11, 2008 7:52 am   Subject: Re: Spanish, French, Portuguese Truck Drivers Fuel Protests
Hello Sar and welcome to the forum.

Another concerned individual from your country recently joined the forum. You can find his thread on the Europe sub-forum, titled simply "Portugal". Maybe you mi ...
  Topic: Keuruu, Finland
phaeryen

Replies: 45
Views: 4667

PostForum: Europe Discussion   Posted: Tue Jun 10, 2008 11:20 pm   Subject: Re: Keuruu, Finland
How is Finland's climate changing? How do the Finnish people view foreigners? Is there a difference between the way Finns treat Danish people vs, say, Ethiopian people? Are the ladies of Keuruu very ...
  Topic: Obama backs Israel uber alles
phaeryen

Replies: 71
Views: 3135

PostForum: Current Events   Posted: Sat Jun 07, 2008 5:19 pm   Subject: Re: Obama backs Israel uber alles
they created the rules of the game actually, so its a bit incorrect question. They will never let anyone run for the presidency unless he is a Borg of all those Bergs and Steins. The whole syste ...
  Topic: Obama backs Israel uber alles
phaeryen

Replies: 71
Views: 3135

PostForum: Current Events   Posted: Sat Jun 07, 2008 1:56 pm   Subject: Re: Obama backs Israel uber alles
Could it really be that Obamas nomination as the democratic candidate came as a slight surprise to the bilderbergers etc.? That he wasn't already a complete pawn of theirs? Of course he couldn't have ...
  Topic: Portugal
phaeryen

Replies: 12
Views: 1005

PostForum: Europe Discussion   Posted: Sat May 31, 2008 7:52 am   Subject: Re: Portugal
What I heard is that Portugal legalized/deregulated all drugs known to man? I understood this measure was done to save money, so in conjuction with the legalization of drugs they ended their participa ...
  Topic: CNN: Driving down 4.3% from last year
phaeryen

Replies: 91
Views: 3550

PostForum: Current Events   Posted: Tue May 27, 2008 4:48 am   Subject: Re: The precipice has been breached...Vehicle Miles
Everyone already knows it but just a reminder: any drop in US consumption is immediately absorbed by the growth of demand in china+india and others, so from a global peak oil perspective america drivi ...
  Topic: Has Peak Oil gone Mainstream?
phaeryen

Replies: 56
Views: 3795

PostForum: Current Events   Posted: Thu May 15, 2008 6:35 am   Subject: Re: Has Peak Oil gone Mainstream?
Yesterday it really did hit the mainstream here. Peak oil doomerism was #1 news story on the economy section of the #1 daily newspaper that has nationwide circulation. I was quite shocked. They even m ...
  Topic: Tesla Electric Car
phaeryen

Replies: 154
Views: 5901

PostForum: Current Events   Posted: Tue May 13, 2008 12:39 pm   Subject: Re: Tesla Electric Car
Seeing as we are hanging out on a morally ambivalent discussion board here, why not just invest in a cheap replica hand gun, and steal it for the cost of said hand gun, from a homosexual rich enough t ...
  Topic: Peak Oil * The final sign *
phaeryen

Replies: 67
Views: 5398

PostForum: Peak Oil Discussion   Posted: Mon May 12, 2008 6:12 pm   Subject: Re: Peak Oil * The final sign *
In free markets there is no shortage of any kind on any item because we have exchanges.
Whenever there is an item be it oil or iron ore or orange juice or whatever is short on supply, price goes up a ...
  Topic: Housing & Economic Collapse - In Progress - #2
phaeryen

Replies: 1351
Views: 75884

PostForum: Economics & Finance   Posted: Mon May 12, 2008 5:20 pm   Subject: Re: Housing & Economic Collapse - In Progress - #2
chris-h said:

The goal of teaching to kids is to make them obey.
You must obey .
You must learn to obey.
If you cannot learn to obey well they call it a disease adhd and give you drugs.
Unlike ...
  Topic: THE Oil & NGas Infrastructure Thread (merged)
phaeryen

Replies: 409
Views: 1296

PostForum: Economics & Finance   Posted: Sun May 11, 2008 5:41 pm   Subject: Re: OTC: $100 trillion needed to rebuild energy infrastructu
I wonder where that $100 trillion number comes from.
Unless he can give us some information about what exactly he's talking about...I'm inclined to call this an exaggeration.
Thats how I felt. Like ...
  Topic: Does anyone think we'll see $1000.00 / barrel by 2018?
phaeryen

Replies: 41
Views: 2619

PostForum: Peak Oil Discussion   Posted: Wed May 07, 2008 6:39 pm   Subject: Re: Does anyone think we'll see $1000.00 / barrel by 2018?
What is the demand destruction then, in clear terms?

Say we have a poor nation state economy A, who requires minimum amount of X oil to run their basic infrastructure on a sort of limping, skeleton ...
 
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