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: Sat Jul 12, 2008 7:22 am Post subject: Re: Largest Californian mortgage lender gone bust.
You knew this would happen ever since Calif* invented the $1 million garden shed so hopefully you've been saving up. There are a lot more $1 million garden sheds where these came from & you'll be paying off all of them. _________________ People first, then things, then dollars.
There will be enslavement & cannibalism.
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