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 Oct 25, 2005 10:05 pm Post subject: Re: peak optimism
Can you imagine someone in 1928 saying the bottom was going to fall out of the stock market? Ya right, never gona happen. It did and it was catastrophic. Nothing "real" or physical changed. No crops were destroyed, no factories were damaged. The infrastructure was unchanged. All that happened was the house of cards fell, killing the becoming like worm, wipes out a computer.
How could another house of cards be build so close to the great depression. It's the same out of control imaginary credit that's been built up again. Even if PO were not coming (or already here) this house of cards is doomed. We are kidding our selves that this way of life can continue like it has been.
Joined: May 15, 2005 Posts: 4144 Location: THE MATRIX
Posted: Wed Oct 26, 2005 5:36 am Post subject: Re: peak optimism
bump
I am still here.
The people have spoken yet I want to hear more.
Come now Aaron and Monte and Peanut etc etc
Come and tell us what you think.
Come now Matt S, Bobbyboy, JD and Spe.
Come, tell us what you feel.
Within my mind is the potentiality of the darkest of them all.
To redefine the term "doomer" as I do very little "half way".
Is this my true calling?
Is this why I am here?
I dont want to die yet I dont think I wanted to be born either so really do I have a choice?
If it is my calling am I only now hearing the sounds?
34 years just farking around???
Making babies without thought for the future?? etc etc
Come now and tell me what you see.
You dont really have to say anything - just vote please.
Joined: Sep 02, 2005 Posts: 2809 Location: In a Nigerian compound surrounded by mighty dignataries
Posted: Fri Oct 28, 2005 4:14 pm Post subject: Re: peak optimism
"Don't ever become a pessimist, Ira; a pessimist is correct oftener than an optimist, but an optimist has more fun--and neither can stop the march of events"-Robert Heinlein _________________ In other words, it's a huge sh*t sandwich, and we're all gonna have to take a bite.-from Full Metal Jacket
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