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.
Posted: Tue Jan 08, 2008 1:44 pm Post subject: asian section
i see areas here for europe, north america, australia etc but not one for asia. i think there should be. china and india are becoming major players. japan already is. i think there should be a section for discussing this major market area.
Joined: Oct 04, 2004 Posts: 4884 Location: Oklahoma
Posted: Tue Jan 08, 2008 5:57 pm Post subject: Re: asian section
Okay folks, Venky made this request a while back, and we've got a moderator willing to moderate it. Since we now have more demand for it I'll set it up a bit later today. Thanks for the input. _________________ The very existence of flamethrowers proves that some time, somewhere, someone said to themselves, "You know, I want to set those people over there on fire, but I'm just not close enough to get the job done." - George Carlin
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
