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 02, 2005 Posts: 2806 Location: In a Nigerian compound surrounded by mighty dignataries
Posted: Sat May 10, 2008 7:32 am Post subject: Re: peak oil needs a mascot!
dinopello wrote:
Ah, there she is. The oil fairy
I'm told she charges $123 a barrel, but if you want to drill in the Arctic Wildlife Refuge that will cost you more. _________________ In other words, it's a huge sh*t sandwich, and we're all gonna have to take a bite.-from Full Metal Jacket
Joined: Sep 19, 2007 Posts: 917 Location: Land of the Tongva tribe
Posted: Mon May 12, 2008 12:59 pm Post subject: Re: peak oil needs a mascot!
Stealth wrote:
How about this guy?
I got to see this show in Ft. Smith, Arkansas. Pretty interesting.
joeltrout _________________ ENERGY is the basis of our industrial civilization and sustains our standard of living. It is the foundation stone of our national wealth. A nation starved of energy.....will be a nation of starving people.
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