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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: RIP: Man-Made Global Warming Fears 1988-2008
xarkz

Replies: 57
Views: 2284

PostForum: Environment   Posted: Tue Jul 22, 2008 12:41 pm   Subject: Re: RIP: Man-Made Global Warming Fears 1988-2008
Check out this video.


http://www.youtube.com/watch?v=xzSzItt6h-s


They lie.

Actual scientists who work in the field of climatology and related disciplines are quite certain that anthropog ...
  Topic: Is your bank on this list?
xarkz

Replies: 5
Views: 710

PostForum: Economics & Finance   Posted: Fri Jul 18, 2008 1:51 pm   Subject: Re: Is your bank on this list?
Is your bank on this list?

what about this list? Wink

[url=http://www.geocities.com/tubeguy@rogers.com/troubledbanks.htm]http://www.geocities.com/tubeguy@rogers.com/troubledbanks.htm

(fro ...
  Topic: Airline Bankruptcy/Merger/Layoffs Thread
xarkz

Replies: 322
Views: 23058

PostForum: Current Events   Posted: Sun Jul 13, 2008 12:50 pm   Subject: Re: Airline Bankruptcy/Merger/Layoffs Thread
Airbus Says One-Third of Backlog Is Threatened by Oil
Airbus said almost one-third of its orderbook may be at risk of deferral or cancellation as spiraling oil prices wipe out airline earnings.

...
  Topic: 2008 PO.com Oil Price Challenge II (Jul 22)
xarkz

Replies: 50
Views: 2992

PostForum: Economics & Finance   Posted: Mon Jun 30, 2008 1:19 pm   Subject: Re: 2008 PO.com Oil Price Challenge Part II
high $160
low $110
close $110
  Topic: 8 Things We Are Running Out Of And Who to Blame
xarkz

Replies: 34
Views: 2647

PostForum: Economics & Finance   Posted: Thu Jun 05, 2008 11:28 am   Subject: Re: 8 Things We Are Running Out Of And Who to Blame
Why is there some weirdo holding a machine gun in the rice fields? Shocked
when rice prices increased, some farmers started to use armed protection against thieves Wink
  Topic: Refining margins watch (was Tesoro)
xarkz

Replies: 178
Views: 17997

PostForum: Current Events   Posted: Mon Jun 02, 2008 3:20 pm   Subject: Re: Refining margins watch (was Tesoro)
finally something positive, Tso up 11%.. i hope the market has seen the light now Smile
  Topic: British PM warns of global oil 'shock'
xarkz

Replies: 38
Views: 2094

PostForum: Current Events   Posted: Thu May 29, 2008 1:19 pm   Subject: Re: British PM warns of global oil 'shock'
British Prime Minister Gordon Brown warned Wednesday that the world faced an era-defining oil "shock" that required urgent action, as European leaders struggled to contain growing protests over soarin ...
  Topic: Another Record ($143.67)
xarkz

Replies: 2569
Views: 197275

PostForum: Current Events   Posted: Tue May 20, 2008 2:27 pm   Subject: Re: Another Record ($129.58)
House passes bill to sue OPEC over oil prices
[url=http://news.yahoo.com/s/nm/20080520/pl_nm/congress_opec_dc]http://news.yahoo.com/s/nm/20080520/pl_nm/congress_opec_dc
good luck with that
  Topic: What Would Stop Stores From Trading In Euros?
xarkz

Replies: 30
Views: 2340

PostForum: Americas Discussion   Posted: Thu May 15, 2008 2:46 pm   Subject: Re: What Would Stop Stores From Trading In Euros?
What would stop companies like Walmart from trading in Euros, and demanding Euros as payment?


Probably they see no point in that. If stores demands euros, the customers would have to buy euros(wi ...
  Topic: $120.17 and rising
xarkz

Replies: 30
Views: 2794

PostForum: Current Events   Posted: Sat Apr 26, 2008 5:22 pm   Subject: Re: $120.17 and rising

At this rate, there will be no living for the ordinary working man soon - cant afford fuel / energy / food / housing / you name it.
He will have been bled dry.

Then what ??

"God is the only o ...
  Topic: Housing & Economic Collapse - In Progress
xarkz

Replies: 5212
Views: 406460

PostForum: Current Events   Posted: Wed Apr 23, 2008 1:31 pm   Subject: Re: Housing & Economic Collapse - In Progress
Paris shares turn lower on rumours of massive bank writedowns, Ambac losses

'We're hearing talk of 50 billion euros of writedowns at UBS (nyse: UBS - news - people ),' said a London-based deale ...
  Topic: Housing & Economic Collapse - In Progress
xarkz

Replies: 5212
Views: 406460

PostForum: Current Events   Posted: Tue Apr 08, 2008 12:48 pm   Subject: Re: Housing & Economic Collapse - In Progress

Meanwhile,

what was number in the beginning.. "contained" at $100bn? :D
If IMF admitts almost $1tn loss it should be safe to at least double that number.. Rolling Eyes
  Topic: Record Diesel engine fuels price thread.
xarkz

Replies: 167
Views: 15302

PostForum: Current Events   Posted: Thu Mar 27, 2008 10:58 am   Subject: Re: Record Diesel engine fuels price thread.
diesel is cheaper in many countries in europe. Is it subsidized there?
  Topic: The new Hoovervilles
xarkz

Replies: 20
Views: 1815

PostForum: Current Events   Posted: Mon Mar 17, 2008 3:25 pm   Subject: Re: The new Hoovervilles
isnt this just back to normal for many.. or where did they live before they got a subprime loan..
  Topic: EIA Chief Says Speculation Pushing Up Oil Prices
xarkz

Replies: 54
Views: 3396

PostForum: Current Events   Posted: Sat Mar 08, 2008 6:01 pm   Subject: Re: EIA Chief Says Speculation Pushing Up Oil Prices
I don't remember whether it was DantesPeak or perhaps Pup55 that mentioned that rampant speculation on crude futures was improbable or impossible Exclamation , if only because somebody, somewhere must event ...
 
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