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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.

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Personal Information: Nano




Location: Delft, Netherlands
Occupation: Mech. Engineer
Actual User Status: Online

Last 10 Comments by Nano:
  • Re: Is There an Oil Shortage?
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  • Re: The End Of Civilization
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  • Re: Renewable Energy“s Unstoppable “Learning Curve“
  • Re: U.S. has few options as oil nations tighten grip
  • Re: IEA Says World Needs $45 Trillion `Energy Revolution'
  • Re: Energy Watchdog Warns Of Oil-Production Crunch
  • Re: James Hansen: Clock running out on irreversible climate change - Part I

  • Last 10 News Submissions sent by Nano:
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  • UK factory gate prices increase
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