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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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Peak Oil Discussion
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No new posts Announcement: Peak Oil Discussion forum rules
0 Shannymara 82 Sun Jul 20, 2008 12:11 pm
Shannymara View latest post
No new posts There is no Peak Oil. Its all in your head
10 Specop_007 2095 Thu Sep 16, 2004 9:09 am
BasPer View latest post
No new posts More on the economy
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15 Leanan 2018 Wed Sep 15, 2004 11:16 am
MonteQuest View latest post
No new posts Collection of decreasingly optimistic peak oil scenarios
3 davidyson 812 Wed Sep 15, 2004 10:42 am
Ayoob View latest post
No new posts Green roofs
2 Leanan 730 Wed Sep 15, 2004 10:02 am
muhandis View latest post
No new posts Is history repeating itself?
3 NevadaGhosts 779 Wed Sep 15, 2004 9:21 am
Viper View latest post
No new posts 'Micropower' available in under a year for £1,000 investment
1 Markos101 529 Wed Sep 15, 2004 6:11 am
JackBob View latest post
No new posts Solar Powered Scooter?
5 Coolman 754 Tue Sep 14, 2004 9:48 pm
WebHubbleTelescope View latest post
No new posts Is the ASPO website dead?
3 davidyson 727 Tue Sep 14, 2004 5:16 pm
EnviroEngr View latest post
No new posts Gasoline prices???
3 jato 450 Tue Sep 14, 2004 9:12 am
EnviroEngr View latest post
No new posts ASPO new look...
8 Markos101 610 Tue Sep 14, 2004 4:24 am
JackBob View latest post
No new posts [ Poll ] Which peak will occur first? NA gas or World oil?
8 _sluimers_ 741 Tue Sep 14, 2004 3:18 am
Permanently_Baffled View latest post
No new posts Tammy Baldwin Energy Poll Results
0 EnviroEngr 366 Mon Sep 13, 2004 9:20 pm
EnviroEngr View latest post
No new posts HOLY crap MOBILE NUCLEAR POWERSTATIONS!
12 Permanently_Baffled 2288 Mon Sep 13, 2004 6:40 am
PhilBiker View latest post
No new posts I have a bad feeling peak oil is upon us...
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20 NevadaGhosts 4278 Sun Sep 12, 2004 9:31 pm
drew View latest post
No new posts Honda unveils three green scooters
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46 JayHMorrison 9047 Sun Sep 12, 2004 9:12 am
WebHubbleTelescope View latest post
No new posts USA- Most likely future scenario?
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22 jato 4361 Sat Sep 11, 2004 8:11 pm
MonteQuest View latest post
No new posts The oil *price* peak
14 JohnDenver 1874 Sat Sep 11, 2004 3:34 am
Soft_Landing View latest post
No new posts [ Poll ] Life and Death Situation. What Would YOU Do?
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22 NevadaGhosts 2557 Sat Sep 11, 2004 1:50 am
Specop_007 View latest post
No new posts What will happen?
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18 Markos101 2395 Fri Sep 10, 2004 7:07 pm
Markos101 View latest post
No new posts Peak Oil won't change our economic situation much for a whil
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30 Ayoob 4493 Fri Sep 10, 2004 1:40 pm
StayOnTarget View latest post
No new posts Government handouts after the decline?
12 jato 1725 Thu Sep 09, 2004 10:54 pm
rallyman View latest post
No new posts MSNBC Interesting New Media Coverage
7 Markos101 1117 Thu Sep 09, 2004 8:46 pm
stepka View latest post
No new posts Spanish report on $30/bl oil?
1 kilgore 488 Thu Sep 09, 2004 4:25 pm
drew View latest post
No new posts Why wait till after the Election ???
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26 goldfishbowl42 2681 Thu Sep 09, 2004 1:30 pm
Matrim View latest post
No new posts Administration is now eyeing Sudan
4 Markos101 652 Thu Sep 09, 2004 11:48 am
Falconoffury View latest post
No new posts Monthly kWh figures for renewables?
5 twxabfn 1235 Thu Sep 09, 2004 11:35 am
gnm View latest post
No new posts The Concept of Energy: Simply Explained
13 trespam 1984 Thu Sep 09, 2004 9:53 am
MonteQuest View latest post
No new posts Peak oil delayed!! Mexico doubles reserves
10 Specop_007 2146 Thu Sep 09, 2004 9:31 am
goldfishbowl42 View latest post
No new posts Limits to Growth - a fresh read
12 davidyson 2041 Thu Sep 09, 2004 7:18 am
lowem View latest post
No new posts A farmer's energy dependance
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24 drew 2276 Wed Sep 08, 2004 8:53 pm
MonteQuest View latest post
No new posts Ban "demand is greater than supply"
14 nero 2201 Wed Sep 08, 2004 1:17 pm
Soft_Landing View latest post
No new posts Top 25 Most Censored News Stories
2 Leanan 1234 Wed Sep 08, 2004 8:18 am
goldfishbowl42 View latest post
No new posts The Emotional Aspect of Peak Oil
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20 ShawnAvery 3191 Tue Sep 07, 2004 8:41 pm
Ben View latest post
No new posts Oil shale at $35/barrel in US? No PO then!
8 Markos101 2033 Tue Sep 07, 2004 2:31 pm
The_Virginian View latest post
No new posts Should we even warn people about peak oil?
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15 NevadaGhosts 2904 Tue Sep 07, 2004 4:07 am
lowem View latest post
No new posts Inflation leads to colapse
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19 Onyered 4828 Mon Sep 06, 2004 8:04 pm
Aaron View latest post
No new posts ITER - damn
5 Markos101 1460 Mon Sep 06, 2004 11:12 am
MarkR View latest post
No new posts Why are they not trading?
2 goldfishbowl42 666 Mon Sep 06, 2004 9:41 am
goldfishbowl42 View latest post
No new posts Baker Institute reports (US govt Taskforce) in April 2001
4 Markos101 735 Mon Sep 06, 2004 5:19 am
Leanan View latest post
No new posts Crystal Ball Gazing
5 drew 1038 Sun Sep 05, 2004 7:19 pm
drew View latest post
No new posts So why do you think peak oil will mean the end of civ...
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92 Yamaha_R6 13340 Sun Sep 05, 2004 2:39 pm
mididoctors View latest post
No new posts burning oil is primitive
1 albente 673 Sat Sep 04, 2004 7:13 pm
Repent View latest post
No new posts Asian farmers sucking the continent dry
7 JayHMorrison 1150 Sat Sep 04, 2004 6:46 pm
Leanan View latest post
No new posts Everybody knows
1 Viper 619 Sat Sep 04, 2004 1:00 pm
Repent View latest post
No new posts Who doesn't love a good challenge
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19 mark 2432 Sat Sep 04, 2004 2:12 am
Specop_007 View latest post
No new posts Why oil prices will not go down when we start saving energy
9 davidyson 1577 Sat Sep 04, 2004 12:02 am
davidyson View latest post
No new posts Oil prices rising again
9 Markos101 2065 Thu Sep 02, 2004 5:59 pm
MrPC View latest post
No new posts Optimism and 50 Trillion dollars
14 Hawkcreek 2163 Thu Sep 02, 2004 2:47 pm
Hawkcreek View latest post
No new posts Let's end the "end of civilization" stupidity once
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48 Yamaha_R6 7633 Thu Sep 02, 2004 7:28 am
cthulhu View latest post
No new posts Post Peak Economy
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19 stayathomedad 2451 Thu Sep 02, 2004 6:17 am
gg3 View latest post
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