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 04, 2004 Posts: 2494 Location: Ye Olde Englande
Posted: Mon Nov 28, 2005 4:06 pm Post subject: Geopolitics forum rules
Geopolitics is a very complex subject that touches on economics, diplomacy, energy, technology etc. The kind of posts that I encourage are the ones that involve energy deals, summits, elections or tensions between countries. Anything that involves the shifting of relations on the international scene and points to current trends and developments.
In other words what you're doing now. _________________ "The age of excess is over. The age of entropy has begun"
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