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: Jan 29, 2006 Posts: 309 Location: Fort Collins, CO
Posted: Sun Apr 09, 2006 12:50 am Post subject: Re: CEO Alliance Calls for More US Natural Gas Supplies
I'm so relieved that the CEOs of some of America's corporations are looking out for our best interests. It gives me a warm and fuzzy feeling. _________________ Jim Gagnepain
Make a BOLD statement while using Alternative Transportation
http://www.oilfreeandhappy.com
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