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: Sep 11, 2007 Posts: 305 Location: In freefall speed right down to the claws of the devil
Posted: Sun May 04, 2008 7:13 pm Post subject: THE Bolivia Thread
Bolivia decided to chop its resources .......apart from its very people:
Quote:
Voters in Bolivia's richest province, Santa Cruz, are reported to have supported proposals for greater autonomy in an unofficial referendum.
Exit polls for local TV stations suggest that more than 80% backed giving the region more control over its resources, and creating a police force.
The authorities in La Paz have declared the vote illegal, and say they will ignore the results.
Isolated outbreaks of violence marred the poll.
Many in Santa Cruz are critical of left-wing President Evo Morales.
Much of the voting was calm, but violence broke out in poorer areas as supporters of Mr Morales burnt ballot papers and ransacked polling stations.
One polling station was reported to have destroyed, while elsewhere opponents of the referendum threw stones and clashed with those wanting to vote.
At least 18 people were injured, officials said, and unconfirmed reports said one man had died as police fired tear gas into a crowd.
Joined: Oct 18, 2004 Posts: 1631 Location: kiwibush
Posted: Sun May 04, 2008 10:47 pm Post subject: Re: Bolivia decided to chop its resources .......
pana_burda wrote:
apart from its very people.
Quote:
Voters in Bolivia's richest province, Santa Cruz, are reported to have supported proposals for greater autonomy in an unofficial referendum.
Exit polls for local TV stations suggest that more than 80% backed giving the region more control over its resources, and creating a police force.
The authorities in La Paz have declared the vote illegal, and say they will ignore the results.
Isolated outbreaks of violence marred the poll.
Many in Santa Cruz are critical of left-wing President Evo Morales.
Much of the voting was calm, but violence broke out in poorer areas as supporters of Mr Morales burnt ballot papers and ransacked polling stations.
One polling station was reported to have destroyed, while elsewhere opponents of the referendum threw stones and clashed with those wanting to vote.
At least 18 people were injured, officials said, and unconfirmed reports said one man had died as police fired tear gas into a crowd.
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