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: 4815 Location: Oklahoma
Posted: Thu May 15, 2008 7:59 pm Post subject: Re: A welcome to our new Moderators, please.
Welcome to the team, Ferretlover and BigTex! Thanks for helping out. _________________ The very existence of flamethrowers proves that some time, somewhere, someone said to themselves, "You know, I want to set those people over there on fire, but I'm just not close enough to get the job done." - George Carlin
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