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.
What they didn’t want you to know: oil’s dirty little secret
By Martyn Wingrove - Friday 13 July 2007
“IT’S the end of the world as we know it”, sang US rock band REM, a sentiment that seems to sum up the ‘hard to live with’ realities that Peak Oil will bring to civilisation’ s most affluent cultures.
And it definitely echoes the view of former BBC journalist David Strahan, who admits he knew nothing of the oil industry before starting his research and now wishes the world knew more about geology.
The theory of Peak Oil is simply that world production will peak and plateau at a undefined point in time and then begin to decline while demand continues to rise.
This will happen when all the world’s oil producers reach their limits of pumping oil. This essential but finite resource that has been exploited for one and a half centuries to drive economic growth and geopolitical influence.
The high oil prices seen over the last few years are strong evidence that the point where the world is unable to increase production levels any further is approaching faster than than anyone hoped, or cares, to admit.
Strahan’s book guides the reader through the science behind the theory and then the argument as to why it will happen within the next 10 years.
Click link for remaining review text. _________________ So call me a pessimist. But the only truly positive thing I enjoy - is time with my kids - every blazingly bright day that I can steal from my corporate plantation owner. - writer unknown
Posted: Sat Jul 14, 2007 4:55 pm Post subject: Re: Last Oil Shock: A Survival Guide to the Imminent Extinct
Roccland wrote:
Strahan’s book guides the reader through the science behind the theory and then the argument as to why it will happen within the next 10 years.
If the guy studied the subject, then WHY in the hell does he say its within 10 years, when its already happned more than a year ago? Its really starting to make me cranky, people hedging their bets, JUST IN CASE, when its a DONE DEAL!! BRING ON THE ZOMBIES!!
Now that I've an opportunity to think about the two more imporant foils presented at the Elecrtric IRP, I have a request for information. But first let me explain my request
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