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: Oct 06, 2007 Posts: 3 Location: Mumbai, India
Posted: Wed Apr 23, 2008 12:02 am Post subject: Weekly 1 litre Petrol & Diesel price for all countries
Hi,
i suggest one forum which will have standard 1 liter Petrol & Diesel price for every country updated daily or weekly in terms of US$ this will
help every one to understand how much subsidize transportation fuel is in every country.
i'm from india and price for petrol & diesel are vary in every state in india due to differences in state taxes but in that case we can calculate national average and publish same.
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