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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 84 Sun Jul 20, 2008 12:11 pm
Shannymara View latest post
No new posts A Good Article About Thinking New in the Face of Peak Oil
2 Peleg 385 Mon Jul 14, 2008 6:32 pm
allenwrench View latest post
No new posts Jet fuel prices set to collapse; demand is slackening
5 NoWorries 616 Mon Jul 14, 2008 4:00 pm
Twilight View latest post
No new posts My submission to the SA Parliamentary Committee on Peak Oil
5 fiedag 403 Mon Jul 14, 2008 11:07 am
ROCKMAN View latest post
No new posts Oil will drop to $70 within 3 years' time: Kevin Petak
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20 NoWorries 1636 Mon Jul 14, 2008 10:46 am
VMarcHart View latest post
No new posts Oil is Dropping -- How low will it go?
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61 NoWorries 3667 Sun Jul 13, 2008 10:21 pm
mystiek View latest post
No new posts The high priest of “peak oil” thinks...
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17 allenwrench 1256 Sun Jul 13, 2008 5:54 pm
pstarr View latest post
No new posts Instant Solutions to High Fuel Costs
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17 roccman 763 Sun Jul 13, 2008 6:20 am
VMarcHart View latest post
No new posts UK Prime Minister offers military aid to oil rich Nigeria
6 energycity 363 Sat Jul 12, 2008 4:42 pm
cube View latest post
No new posts Powerdown: The Solution to Peak Oil
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319 MonteQuest 18625 Fri Jul 11, 2008 6:33 pm
Nicholai View latest post
No new posts Solving Oil Depletion; Solutions in Isolation
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84 MonteQuest 13491 Fri Jul 11, 2008 3:13 pm
MonteQuest View latest post
No new posts High food prices spur localized gardening!
1 burtonridr 258 Fri Jul 11, 2008 11:39 am
Ludi View latest post
No new posts Fusion Power; Blessing or Curse
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26 MonteQuest 4435 Fri Jul 11, 2008 10:44 am
darwinsdog View latest post
No new posts Oil Back up 5
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16 Cashmere 978 Fri Jul 11, 2008 10:15 am
cbxer55 View latest post
No new posts How many cars do you drive?
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54 SILENTTODD 2370 Fri Jul 11, 2008 9:28 am
lentilsmine View latest post
No new posts Petraeus to replace Fallon
3 burtonridr 254 Fri Jul 11, 2008 7:27 am
Hagakure_Leofman View latest post
No new posts Is ExxonMobil's future running dry?
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18 Kingcoal 787 Fri Jul 11, 2008 5:49 am
ROCKMAN View latest post
No new posts Why Technology Will Solve Peak Oil in the End
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750 strontium 21091 Fri Jul 11, 2008 12:53 am
mos6507 View latest post
No new posts Still seems to be a steady supply of oil
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17 zeke 1068 Thu Jul 10, 2008 10:47 pm
Peleg View latest post
No new posts 60,000 jobs to be lost in UK (construction)
4 NoWorries 268 Thu Jul 10, 2008 7:46 pm
frankthetank View latest post
No new posts Got a call from the oil and gas industry.
8 killJOY 584 Thu Jul 10, 2008 11:24 am
ClassicSpiderman View latest post
No new posts You. Will. Not. Be. Able. To. Get. Food.
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71 Hogan 5556 Wed Jul 09, 2008 7:33 pm
Jenab6 View latest post
No new posts Importing Efficient European cars
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21 IanC 1274 Wed Jul 09, 2008 6:26 pm
cube View latest post
No new posts Titan's surface organics surpass oil reserves on Earth
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42 TheDude 4750 Wed Jul 09, 2008 3:45 pm
Jenab6 View latest post
No new posts 10% consumption increase in Norway
9 olekriri 1040 Wed Jul 09, 2008 3:41 pm
SteinarN View latest post
No new posts Hongerwinter: The Dutch famine of 1944
5 AlexdeLarge 490 Wed Jul 09, 2008 2:52 pm
SoylentGreen View latest post
No new posts Oil economics 101
6 pumpjack 432 Wed Jul 09, 2008 1:54 pm
Peleg View latest post
No new posts The Inevitability of Nuclear War
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127 GeneralGreen 4163 Wed Jul 09, 2008 12:54 pm
AgentR View latest post
No new posts Let's not lose sight of the big picture
9 Hogan 889 Wed Jul 09, 2008 11:30 am
Serial_Worrier View latest post
No new posts Saudis feel poorer with 45 cents a gallon
1 misterno 327 Wed Jul 09, 2008 9:43 am
Toyota View latest post
No new posts Cantarell Esta Muriendo (. . . is dying)
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43 Cashmere 2763 Wed Jul 09, 2008 5:42 am
ROCKMAN View latest post
No new posts Mexican oil consumption: Going almost nowhere for 7 years
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32 OilFinder2 1335 Tue Jul 08, 2008 8:49 pm
OilFinder2 View latest post
No new posts Peak Oil: Beyond the Point of No Return
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182 MonteQuest 15260 Tue Jul 08, 2008 5:59 pm
MonteQuest View latest post
No new posts [ Poll ] Peak Oil: The Tip of the Iceberg
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247 MonteQuest 34699 Tue Jul 08, 2008 5:52 pm
MonteQuest View latest post
No new posts People pay $11.30/gal yet look at the growth in consumption
12 misterno 737 Tue Jul 08, 2008 8:07 am
misterno View latest post
No new posts Post Peak Oil; The Slow Decline?
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237 MonteQuest 50147 Tue Jul 08, 2008 4:25 am
TonyPrep View latest post
No new posts People seem to want oil , not conserve
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37 doodlebug2 2127 Tue Jul 08, 2008 12:13 am
yesplease View latest post
No new posts I'm worried, but I dont think everything will go up in smoke
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55 wertz 2720 Mon Jul 07, 2008 11:46 pm
Nicholai View latest post
No new posts "Nothing I can do about it. So why worry?"
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30 AlexdeLarge 1624 Mon Jul 07, 2008 3:23 pm
darwinsdog View latest post
No new posts Why is the crackspread in jetfuel increasing?
1 misterno 340 Mon Jul 07, 2008 1:48 pm
roadcage View latest post
No new posts World Made By Hand by James Kunstler
2 ReducedToZero 548 Mon Jul 07, 2008 9:50 am
satjeet View latest post
No new posts Will Peakoil.com Survive?
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17 ReducedToZero 1466 Mon Jul 07, 2008 2:25 am
mos6507 View latest post
No new posts Indians and Chinese people!!!!! Go back to your villages
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36 misterno 2060 Sun Jul 06, 2008 9:00 pm
joelcolorado View latest post
No new posts $200 /barrel oil will have positive effects on the economy
9 NoWorries 880 Sun Jul 06, 2008 5:03 pm
VMarcHart View latest post
No new posts OPEC: High oil prices are here to stay (Reuters)
7 NoWorries 433 Sun Jul 06, 2008 4:11 pm
Alanintx View latest post
No new posts Liquifying Coal???
1 SoylentGreen 266 Sun Jul 06, 2008 11:06 am
Kingcoal View latest post
No new posts No longer any resistance to the Peak Oil news?
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63 sjn 3194 Sun Jul 06, 2008 9:45 am
watermelonpunch View latest post
No new posts Will $150 oil = $5 unleaded in CA?
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27 ReducedToZero 1224 Sun Jul 06, 2008 6:51 am
VMarcHart View latest post
No new posts What happens when Iraq is back?
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29 Buggy 1854 Sun Jul 06, 2008 6:09 am
VMarcHart View latest post
No new posts Mainstream media starting to pick up
7 Scactha 696 Sat Jul 05, 2008 11:30 am
Scactha View latest post
No new posts At what oilprice will the EU start feeling really sick?
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15 angrysurgeon 1301 Fri Jul 04, 2008 4:01 pm
mrobert View latest post
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