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: Nov 25, 2006 Posts: 1216 Location: New York area
Posted: Sat Jun 28, 2008 1:58 pm Post subject: There a thread w/ predictions for per gallon price for 09?
Not sure if this was the right forum to ask in. Feel free to lock when/if the question gets answered. Thanks! _________________ My PO Amazon store (shameless plug).
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