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.
Joined: Aug 14, 2005 Posts: 92 Location: Sydney, Australia
Posted: Mon Aug 15, 2005 6:55 am Post subject: Book rec for those who are freaking out
I recommend the book 'Who moved my cheese?' by Spencer Johnson available widely for the princely sum of US $4.95.
It is a great book to help you adjust your thinking patterns and deal with change in your life. It will help you to cope with the massive mental adjustments needed to deal with Peak Oil et al.
Hope that helps some of you. Hugs to all. And tea.
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