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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: Energy bills to rise by more than 60% . TSHHTF
sameu

Replies: 15
Views: 1211

PostForum: Current Events   Posted: Fri Jul 18, 2008 2:36 pm   Subject: Re: Energy bills to rise by more than 60% . TSHHTF
year after year it will get worse
people like to hope oil is gonna come down, that this is only temporarily
it will be hard
  Topic: Do you ever regret...?
sameu

Replies: 20
Views: 922

PostForum: Psychology   Posted: Tue Jul 15, 2008 2:22 pm   Subject: Re: Do you ever regret...?
no
I'm also glad I didn't find out sooner, the cassandra syndrome would have killed me
  Topic: We are in the .001th percentile (according to GM)
sameu

Replies: 17
Views: 1288

PostForum: Current Events   Posted: Tue Jul 15, 2008 1:07 pm   Subject: Re: We are in the .001th percentile (according to GM)
hmmm a lot of women are like that
  Topic: Bush says OCS has 18 billion barrels of oil
sameu

Replies: 94
Views: 3044

PostForum: Current Events   Posted: Mon Jul 14, 2008 11:44 am   Subject: Re: Bush says OCS has 77 billion barrels of oil
riiiiight
  Topic: Will you survive the die off?
sameu

Replies: 47
Views: 2045

PostForum: Psychology   Posted: Sun Jul 13, 2008 7:40 am   Subject: Re: Will you survive the die off?
yep, or die trying
  Topic: I think I'm losing it...
sameu

Replies: 53
Views: 2109

PostForum: Psychology   Posted: Sun Jul 13, 2008 7:06 am   Subject: Re: I think I'm losing it...
that's probably also the reason why you're hanging out on the psychology section
because come on cashmere, real men think that psychology is all bullsh*t
  Topic: I think I'm losing it...
sameu

Replies: 53
Views: 2109

PostForum: Psychology   Posted: Sun Jul 13, 2008 6:07 am   Subject: Re: I think I'm losing it...
lol yeah cashmere you're tha man! Rolling Eyes
A guy criticizing my manliness who is wearing lipstick in his avatar.
Ok.
lol
what are you so insecure about?
  Topic: Fortis CEO gets the boot
sameu

Replies: 5
Views: 504

PostForum: Current Events   Posted: Sun Jul 13, 2008 6:02 am   Subject: Re: Fortis CEO gets the boot


no, Votron is the CEO of Fortis
The guy that predicted a 'financial meltdown' the coming days to weeks is Lippens, the chairman of Fortis
  Topic: Matt Simmons uber doomer on CNBC
sameu

Replies: 82
Views: 5421

PostForum: Current Events   Posted: Sat Jul 12, 2008 6:44 pm   Subject: Re: Matt Simmons uber doomer on CNBC
he sure is Smile
  Topic: When do we hit $150 oil?
sameu

Replies: 50
Views: 2943

PostForum: Current Events   Posted: Sat Jul 12, 2008 4:32 pm   Subject: Re: When do we hit $150 oil?
Six months ago most were amazed that oil reached $100, now the question is whether it will stay less than $150 the remainder of 2008. How far we have come.



just came across of this youtube cli ...
  Topic: Work ethics & TSHTF
sameu

Replies: 32
Views: 1251

PostForum: Psychology   Posted: Sat Jul 12, 2008 3:36 pm   Subject: Re: Work ethics & TSHTF
Yes, some of us work to pay for our preps. Wouldn't it stand to reason though that the harder you worked the more money you make the more preps you should be able to do. Why then has my competive edge ...
  Topic: I think I'm losing it...
sameu

Replies: 53
Views: 2109

PostForum: Psychology   Posted: Sat Jul 12, 2008 2:54 pm   Subject: Re: I think I'm losing it...
lol

yeah cashmere you're tha man! Rolling Eyes
  Topic: Airline Bankruptcy/Merger/Layoffs Thread
sameu

Replies: 320
Views: 22887

PostForum: Current Events   Posted: Thu Jul 10, 2008 2:30 pm   Subject: Re: Airline Bankruptcy/Merger/Layoffs Thread
It surprises me (once again) how quickly they seem to be going down in flames and much more so how little the average person seems to be aware of the trouble the airlines were in even earlier this yea ...
  Topic: Saudi Oil: A Crude Awakening on Supply?
sameu

Replies: 9
Views: 742

PostForum: Current Events   Posted: Thu Jul 10, 2008 2:21 pm   Subject: Re: Saudi Oil: A Crude Awakening on Supply?
yep, it's official now
Simmons was right
we're Fark
  Topic: Israel 'ready to act' over Iran. Iran will attack US ships
sameu

Replies: 37
Views: 1688

PostForum: Current Events   Posted: Wed Jul 09, 2008 1:15 pm   Subject: Re: Iran says would strike Israel, US navy if attacked
What exactly do they plan on doing, harassing our ships with their little dinghies like they did last year? This should be good.

they' ll just close the Hormuz strait. Game over.

How?? Laughing
...
 
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