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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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This topic is locked: you cannot edit posts or make replies. Announcement: Welcome new readers and members
3 Shannymara 5335 Mon May 26, 2008 11:43 pm
BigTex View latest post
No new posts Post peak life
4 Kalinka 1185 Fri May 20, 2005 3:32 pm
uNkNowN ElEmEnt View latest post
No new posts Ethanol-which story to believe??
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18 4dsc 3011 Wed May 18, 2005 9:29 am
Whitecrab View latest post
No new posts My University Course in Relation to Peak Oil...
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18 Sonny 3157 Wed May 18, 2005 9:22 am
Whitecrab View latest post
No new posts Something nearly everyone's overlooked.
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26 mortifiedpenguin 6472 Mon May 16, 2005 11:44 am
J View latest post
No new posts Why do gas prices fluctuate so fast?
5 tmazanec1 1357 Fri May 13, 2005 11:51 am
Caoimhan View latest post
No new posts Question about nuclear waste
3 RickTaylor 997 Tue May 10, 2005 9:39 pm
mortifiedpenguin View latest post
No new posts USGS figures
9 pstarr 2577 Sun May 08, 2005 2:54 pm
killJOY View latest post
No new posts Peak OIL date: Apr-May 2005
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33 ohanian 9932 Fri May 06, 2005 1:58 pm
Kez View latest post
No new posts Speed of decline
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18 Ludi 4348 Mon May 02, 2005 6:24 pm
ohanian View latest post
No new posts Alternative Energy Resources
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20 arocoun 4466 Sun May 01, 2005 10:17 am
arkface View latest post
No new posts Stagflation + Economic Effects
1 ONASIS 852 Sun May 01, 2005 4:57 am
vegasmade View latest post
No new posts We need to cut all funding to R&D......
11 mortifiedpenguin 2622 Sun Apr 24, 2005 8:07 am
tmazanec1 View latest post
No new posts WIKI Background
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26 EnviroEngr 6157 Sat Apr 23, 2005 9:39 pm
EnviroEngr View latest post
No new posts Iam looking for a summary of Peak Oil
6 gwmss15 1825 Fri Apr 22, 2005 6:00 pm
thegrq View latest post
No new posts Was 1999 the peak?
5 Stoic 1723 Fri Apr 22, 2005 1:47 pm
thegrq View latest post
No new posts Light Sweet Crude vs Heavy Sour Crude
3 duke3522 1311 Fri Apr 22, 2005 9:10 am
big_rc View latest post
No new posts Rebuttals
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19 Barbara 4565 Fri Apr 22, 2005 4:07 am
GD View latest post
No new posts Energiekrise comments
5 2007 1951 Sat Apr 16, 2005 8:31 am
lowem View latest post
No new posts "permanent blackouts"
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35 johnmarkos 8942 Tue Apr 12, 2005 7:39 pm
Bandidoz View latest post
No new posts DNC Oil
7 ajp33 1843 Tue Apr 12, 2005 1:01 pm
ajp33 View latest post
No new posts A few questions from a newbie
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29 Nairb 6152 Tue Apr 12, 2005 4:29 am
Doly View latest post
No new posts Is there any way to prepare...
8 Janick 2532 Sun Apr 10, 2005 11:45 am
Pops View latest post
No new posts Statistics ?
1 Sys1 858 Sun Apr 10, 2005 5:13 am
pup55 View latest post
No new posts Recoverable Oil Reserves
10 GD 2011 Fri Apr 08, 2005 11:55 am
nth View latest post
No new posts Inflection Point
6 Stoic 1392 Wed Apr 06, 2005 9:26 am
Stoic View latest post
No new posts Is this statement true?
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24 boostindazz 3719 Tue Apr 05, 2005 10:14 pm
threadbear View latest post
No new posts Debunking the Debunkers
7 Ashiakin 1738 Tue Apr 05, 2005 7:15 am
4dsc View latest post
No new posts Timeline for effects?
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16 jupiter422 4050 Mon Apr 04, 2005 9:16 pm
ozkrenske View latest post
No new posts [ Poll ] Where are you From?
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38 maverickdoc 7442 Sun Apr 03, 2005 12:43 am
bart View latest post
No new posts Plastics
8 ThinkGeek 2023 Thu Mar 31, 2005 11:45 am
ProdigalMoon View latest post
No new posts Need some help...
11 Mower 2671 Mon Mar 28, 2005 4:48 pm
Jake View latest post
No new posts Article: The Long Fingers of Petroleum
3 julianj 1112 Mon Mar 28, 2005 6:54 am
Sys1 View latest post
No new posts the future of oil as a fuel.
3 charliehelyes 1164 Sun Mar 27, 2005 8:30 pm
deconstructionist View latest post
No new posts have we have plenty of oil for the next 50 years (at least)?
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15 Sys1 3624 Fri Mar 25, 2005 6:25 pm
hawkeye0 View latest post
No new posts The "Power of Nightmares" documentary
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40 Guest 5927 Fri Mar 25, 2005 6:20 am
skiwi View latest post
No new posts Newbie with questions
9 JillinPhoenix 1851 Thu Mar 24, 2005 12:00 pm
Phil View latest post
No new posts Ghawar oil field
2 Chachi 1415 Wed Mar 23, 2005 1:00 pm
Aaron View latest post
No new posts Is peak oil bad or could it be a good thing ?
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40 peakbadorgood 7776 Wed Mar 23, 2005 12:44 pm
j_bumble View latest post
No new posts is coal liquefaction a net energy loser?
4 mmm 1516 Sat Mar 19, 2005 12:19 pm
BW3 View latest post
No new posts Division of petroleum usage
12 tmazanec1 2715 Fri Mar 18, 2005 4:04 am
nocar View latest post
No new posts How many big fields must be opened?
5 tmazanec1 1686 Tue Mar 15, 2005 3:44 pm
tmazanec1 View latest post
No new posts Help me understand.
7 NonToxic 1886 Mon Mar 14, 2005 10:53 am
Kingcoal View latest post
No new posts Abbreviations
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18 EnviroEngr 4722 Sun Mar 13, 2005 12:51 pm
0mar View latest post
No new posts sweet/sour crude ?s
1 Riverside 948 Thu Mar 10, 2005 9:50 pm
BabyPeanut View latest post
No new posts Picture of soft-firm scale landing
1 tmazanec1 937 Thu Mar 10, 2005 10:45 am
Wildwell View latest post
No new posts Slow decline?
10 tmazanec1 2321 Mon Mar 07, 2005 1:54 pm
Shannymara View latest post
No new posts Changes in Levels of Fuel Subsidiaries?
0 BabyPeanut 696 Mon Mar 07, 2005 7:18 am
BabyPeanut View latest post
No new posts The Good Oil
5 ohanian 2168 Sun Mar 06, 2005 5:30 pm
Golgo13 View latest post
No new posts Peak Oil Questions
11 zoidberg 2814 Mon Feb 28, 2005 7:19 pm
Kent View latest post
No new posts Oil transition
3 Sys1 1290 Mon Feb 28, 2005 12:03 am
savethehumans View latest post
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