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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.

smallpoxgirl

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Peakoil.com :: View Forum - Economics & Finance
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Economics & Finance
Moderator: Tyler_JC

Users browsing this forum: CrudeAwakening, smallpoxgirl
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No new posts Announcement: Economics & Finance forum rules
0 Shannymara 86 Sun Jul 20, 2008 12:32 pm
Shannymara View latest post
No new posts What are credit derivative trades?
2 MJ 424 Thu Aug 25, 2005 7:45 am
aahala View latest post
No new posts US recession affecting oil price ??
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47 oilluber 2971 Thu Aug 25, 2005 1:00 am
shady28 View latest post
No new posts Cost of Heating Oil
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21 Olaf 2007 Thu Aug 25, 2005 12:46 am
Dukat_Reloaded View latest post
No new posts Panic in the air?
12 MrBean 1091 Wed Aug 24, 2005 9:31 pm
meekoil View latest post
No new posts US don't want chinese investors
4 drattom 552 Wed Aug 24, 2005 6:09 pm
Kylon View latest post
No new posts oil price during 73 recession
1 oilluber 399 Wed Aug 24, 2005 4:27 pm
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No new posts oil/gas/alternative energy job opportunities
7 sicophiliac 827 Tue Aug 23, 2005 10:20 pm
sicophiliac View latest post
No new posts [ Poll ] Barrel price prediction: $92 by January 2006
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34 8ball 3544 Tue Aug 23, 2005 1:00 pm
kmann View latest post
No new posts [ Poll ] Is The Tax System A Scam?
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19 Markos101 1492 Tue Aug 23, 2005 11:29 am
Yavicleus View latest post
No new posts Inflation, Deflation or new Inverse Inflation?
2 Dukat_Reloaded 541 Tue Aug 23, 2005 9:25 am
marko View latest post
No new posts Maass Article and Dr. Freakonomics
2 Macklad 488 Tue Aug 23, 2005 12:50 am
whiteknight View latest post
No new posts Fannie Mae in Trouble?
2 FoxV 594 Mon Aug 22, 2005 3:59 pm
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No new posts US Housing Starting to go bust
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89 shady28 7723 Mon Aug 22, 2005 3:58 pm
oilluber View latest post
No new posts Credit Card Co's to Double Min. Payments
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18 I_Like_Plants 1813 Mon Aug 22, 2005 1:21 pm
hull3551 View latest post
No new posts cost push inflation
0 dukey 364 Mon Aug 22, 2005 12:36 pm
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No new posts The business cycle
3 shady28 690 Mon Aug 22, 2005 10:15 am
shady28 View latest post
No new posts Why is getting out of debt important?
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31 oliveoil 3804 Sun Aug 21, 2005 7:43 am
Pops View latest post
No new posts converting USD to Euros
11 evilmonkeyspanker 1302 Sun Aug 21, 2005 4:03 am
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No new posts U.S. Economy Grows Despite High Oil Prices
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16 rowante 1606 Sun Aug 21, 2005 3:28 am
Lehyina View latest post
No new posts World Headlines in China
8 shady28 969 Sun Aug 21, 2005 2:45 am
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No new posts [ Poll ] www.oil-price.net 2006 barrel price prediction
6 8ball 1059 Sat Aug 20, 2005 1:08 pm
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No new posts [ Poll ] Would you support a (higher) gasoline tax?
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18 turmoil 1019 Sat Aug 20, 2005 9:09 am
WisJim View latest post
No new posts Filing for bankruptcy
1 shady28 444 Fri Aug 19, 2005 10:51 pm
albente View latest post
No new posts NYMEX - oil futures - going long
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42 cube 3580 Fri Aug 19, 2005 7:03 pm
shady28 View latest post
No new posts Opportunities
13 Kylon 820 Fri Aug 19, 2005 5:46 pm
foodnotlawns View latest post
No new posts A Peak Oilest's Guide To Retirement
1 Markos101 488 Fri Aug 19, 2005 5:31 pm
Kylon View latest post
No new posts Price of oil in euros?
1 chrispi 319 Fri Aug 19, 2005 9:58 am
shakespear1 View latest post
No new posts Anyone think oil price is being manipulated by government?
4 dgacioch 673 Thu Aug 18, 2005 10:39 pm
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No new posts Oil prices add $130m to Wal-Mart bill
11 nuhax 911 Thu Aug 18, 2005 1:45 pm
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No new posts Oil Futures Down $3 Today. What Gives?
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18 deconstructionist 1782 Thu Aug 18, 2005 10:06 am
falser View latest post
No new posts Oil Prices using the Logistic (Hubbert) Distribution
12 chrispi 1513 Thu Aug 18, 2005 9:41 am
chrispi View latest post
No new posts Technocracy
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65 JohnDenver 6948 Wed Aug 17, 2005 9:52 pm
EnergySpin View latest post
No new posts SUVs flying out of showrooms: MADNESS
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49 Heineken 7739 Wed Aug 17, 2005 4:15 pm
ubercrap View latest post
No new posts Baby boomers first to feel the pain?
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20 dissimulo 2711 Wed Aug 17, 2005 2:36 pm
falser View latest post
No new posts What kind of investment portfolio would you build w/ $100k?
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36 bobeau 5548 Wed Aug 17, 2005 6:33 am
linlithgowoil View latest post
No new posts Tips on buying gold
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24 Dukat_Reloaded 3083 Wed Aug 17, 2005 4:44 am
Dukat_Reloaded View latest post
No new posts Is it possible to recreate a local food distribution system?
9 tatersalad 942 Wed Aug 17, 2005 12:27 am
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No new posts No Worries!!! - Inflation in Check
9 emersonbiggins 909 Tue Aug 16, 2005 10:38 pm
FoxV View latest post
No new posts Whoops, the BoE have made an ERR
1 spot5050 449 Tue Aug 16, 2005 6:22 pm
jaws View latest post
No new posts Oil Heads for $70 a Barrel
2 Euric 682 Tue Aug 16, 2005 5:20 am
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No new posts How can hyperinflation effectivley reduce debt?
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17 tatersalad 1442 Tue Aug 16, 2005 1:29 am
GoIllini View latest post
No new posts Housing bubble, schmousing bubble?
5 ubercrap 765 Mon Aug 15, 2005 9:15 pm
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No new posts Three Virgins
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19 kochevnik 1621 Mon Aug 15, 2005 1:59 pm
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No new posts Playing with the numbers
14 Aaron 1174 Mon Aug 15, 2005 11:57 am
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No new posts Why does crude price rise on refinery problems?
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30 FrankRichards 4763 Mon Aug 15, 2005 9:57 am
GoIllini View latest post
No new posts Short-term effects of the oil spike on different economies
4 Russian_Cowboy 738 Mon Aug 15, 2005 8:17 am
pup55 View latest post
No new posts Model T gas milage
4 agmart 950 Sun Aug 14, 2005 9:50 pm
Tyler_JC View latest post
No new posts Demand Destruction and Price Modelling
8 oli 676 Sun Aug 14, 2005 3:26 pm
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No new posts (question) The Price of Oil Minus Profit
2 BILL_THA_PHARMACIZT 364 Sun Aug 14, 2005 3:10 pm
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No new posts Oil Price Widget
1 jmacdaddio 383 Sun Aug 14, 2005 2:31 pm
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