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: Apr 28, 2005 Posts: 3278 Location: West shore Lake Eire, MI, USA
Posted: Wed May 16, 2007 6:05 pm Post subject: Re: post peak store
Which of those things are you stockpiling? _________________ Oxygen: - An intensely habit-forming accumulative toxic substance. As little
as one breath is known to produce a life-long addiction to the gas, which addiction invariably ends in death.--Isaac Asimov
Joined: Nov 25, 2006 Posts: 1214 Location: New York area
Posted: Wed May 16, 2007 9:05 pm Post subject: Re: post peak store
And if you're a shopper in the US you can use my Amazon store for all your Peak Oil needs (see below). _________________ My PO Amazon store (shameless plug).
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