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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 5347 Mon May 26, 2008 11:43 pm
BigTex View latest post
No new posts Inconsistencies with the peak-oil theory.
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45 derek57 11963 Fri Jan 07, 2005 6:34 pm
Aaron View latest post
No new posts Peak oil discussion on another message board
7 Guest 1918 Fri Jan 07, 2005 2:28 pm
jato View latest post
No new posts Will PO be bad?
13 spot5050 3384 Thu Jan 06, 2005 4:59 pm
guestTroll View latest post
No new posts Don't put the blame on China for the rising oil demand.
9 franc 2854 Thu Jan 06, 2005 10:50 am
Golgo13 View latest post
No new posts Are we all STUPID?
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19 oilmonster 5602 Wed Jan 05, 2005 11:44 am
Stauffenberg View latest post
No new posts The Ends Of The World As We Know Them
3 Grimnir 1508 Mon Jan 03, 2005 4:13 pm
mindfarkk View latest post
No new posts Peak Oil in 4 Steps
3 Aaron 1652 Sun Jan 02, 2005 10:29 pm
MonteQuest View latest post
No new posts New here, PO & information society
5 Arkwright 1590 Sun Jan 02, 2005 9:03 am
Tyler_JC View latest post
No new posts Tolkien called it Mordor
10 Wednesday 2254 Fri Dec 31, 2004 8:10 am
Cash View latest post
No new posts New year is waiting for us
2 ayan 1325 Tue Dec 28, 2004 9:05 pm
mindfarkk View latest post
No new posts What about plastic?
2 brainflash 1308 Mon Dec 27, 2004 1:43 am
TrueKaiser View latest post
No new posts statistics on energy used in manufacturing
9 johnmarkos 2867 Sun Dec 26, 2004 1:31 am
Keith_McClary View latest post
No new posts It makes me so mad!!!!!!!!!
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28 GranolaPete 6358 Sat Dec 25, 2004 5:09 pm
Tyron View latest post
No new posts Electric airpots - energy usage?
1 lowem 1281 Fri Dec 24, 2004 7:58 pm
Laurasia View latest post
No new posts EROEI
6 australia 2262 Tue Dec 21, 2004 2:31 am
Guest View latest post
No new posts Why is oil price dropping?
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22 Shannymara 6048 Mon Dec 20, 2004 5:16 pm
smiley View latest post
No new posts Oil Eating Bacteria could it be used as an economic Weapon?
0 Guest 994 Wed Dec 15, 2004 12:48 pm
Guest View latest post
No new posts Peak Oil Flash Presentation
5 MonteQuest 2605 Mon Dec 13, 2004 9:49 pm
mindfarkk View latest post
No new posts Article refuting the imminent end of oil
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18 JD 6465 Thu Dec 09, 2004 7:59 pm
TWilliam View latest post
No new posts new to the forum
3 brandy 1475 Wed Dec 08, 2004 6:50 am
Ayoob_Reloaded View latest post
No new posts Caspian Oil Pipeline
11 Guest 2600 Wed Dec 08, 2004 3:32 am
Canuck View latest post
No new posts closing refineries in US
7 andris 2586 Tue Dec 07, 2004 11:52 pm
savethehumans View latest post
No new posts responding now?
13 liquid 3190 Tue Dec 07, 2004 2:59 pm
TWilliam View latest post
No new posts When a big & lasting oil shortage will happen .
3 guest 1804 Tue Dec 07, 2004 12:16 am
savethehumans View latest post
No new posts Short Story Competition - "We burned so bright"
0 PowerSwitchJames 1099 Mon Dec 06, 2004 9:09 am
PowerSwitchJames View latest post
No new posts Which place will be harder hit? The First world, or Third?
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16 pkofsocal 4656 Sun Dec 05, 2004 12:02 pm
pkofsocal View latest post
No new posts Every country in the world has at some point loked at the US
3 franc 1555 Sun Dec 05, 2004 11:04 am
Kingcoal View latest post
No new posts Definition of shortage
1 _sluimers_ 1103 Sun Dec 05, 2004 7:34 am
marek View latest post
No new posts A sudden big and lasting shortage of oil is not feasible.
1 franc 1465 Sun Dec 05, 2004 12:19 am
skateari View latest post
No new posts Oil consumption is rising while reserves are not at same rat
0 franc 922 Sat Dec 04, 2004 9:37 pm
franc View latest post
No new posts As a repply to TYLER JC I think he won't need to buy silver
2 Franc 1447 Sat Dec 04, 2004 3:54 pm
Agren View latest post
No new posts Denying Peak Oil and Grasping at Straws
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62 pkofsocal 15234 Sat Dec 04, 2004 2:50 pm
RonBonnell View latest post
No new posts Former methods of extracting oil where tapping only 26% of
5 Franc 2006 Sat Dec 04, 2004 7:10 am
Grasshopper View latest post
No new posts Responding to LIQUID about his fears on how "OIL PEAK&q
1 Franc 1221 Fri Dec 03, 2004 10:26 pm
savethehumans View latest post
No new posts Ethics of informing others: counseling clients, friends, fam
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15 salli 4690 Fri Dec 03, 2004 6:38 pm
Guest View latest post
No new posts Oil deposits being the result of orgaic matter decomposition
0 franc 909 Fri Dec 03, 2004 4:15 pm
franc View latest post
No new posts Paul Roberts Interview
1 Guest 1118 Fri Dec 03, 2004 2:12 am
Agren View latest post
No new posts QUESTION - BIODIESEL
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22 KPLCARDS 5520 Tue Nov 30, 2004 7:13 pm
kplcards View latest post
No new posts Hydropower after peak oil
3 highlander 1541 Mon Nov 29, 2004 3:45 pm
exiled_armadillo View latest post
No new posts "renewable energy" stock exchange indice
3 Frederic 1629 Mon Nov 29, 2004 12:05 pm
brentmeister View latest post
No new posts Is it Peak Oil or just fear of something else
3 Buter 1959 Mon Nov 29, 2004 11:45 am
brentmeister View latest post
No new posts Seeking Peak Oil Literature refs (non-web)
4 flax 1548 Sun Nov 28, 2004 9:50 pm
flax View latest post
No new posts Solar Power
2 Guest 1450 Sun Nov 28, 2004 8:16 am
Frank View latest post
No new posts The more people get desperate...
3 pkofsocal 1892 Sun Nov 28, 2004 12:06 am
Jack View latest post
No new posts Oil/Economy
2 abben 1628 Fri Nov 26, 2004 10:39 pm
Dvanharn View latest post
No new posts Problem with Olduvai theory?
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17 Guest 4926 Fri Nov 26, 2004 9:01 pm
Blaster View latest post
No new posts Yukos Crisis
8 helpreport 2752 Thu Nov 25, 2004 2:29 pm
Guest View latest post
No new posts Fusion power
5 Guest 2118 Thu Nov 25, 2004 11:35 am
seb View latest post
No new posts Why no matter what, humanity will experience peak oil.
9 pilferage 2392 Thu Nov 25, 2004 4:46 am
0mar View latest post
No new posts real-estate
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15 jacks 5561 Wed Nov 24, 2004 5:49 pm
claude View latest post
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