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.
I found out about it in December, 1997, at a Schlumberger school in Lafayette LA. We were presented with a curve looking a lot like the one by the ASPO. At the time, the projected peak was for 2008, ...
We were thinking about using narrow copper pipes and an array of lenses focusing the sun’s energy from a larger area down onto the pipes. Would these intermittent very hot spots on the pipe produce a ...
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