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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: coyote




Location: East of Eden
Occupation: Teacher, Graphic Artist
Interests: Peak Oil

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"If a path to the better there be, it begins with a full look at the worst." — Thomas Hardy
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Last 10 Comments by coyote:

Last 10 News Submissions sent by coyote:
  • Oil prices plunge on build in US gasoline reserves
  • Where would America’s renewable energy come from?
  • New contamination incident at French nuclear site
  • Colorado, Wyoming battle Bush over oil shale
  • U.S.-Canada carbon trading group eyes 2012 start
  • Crowd-sourcing the e-car
  • Controversy dogs U.S. clean coal industry
  • Gas Conservation Threatens Road Funding
  • Key terms in oil-supply debate
  • The myth that pushes oil prices up plays into the hands of speculators
    		•

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