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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 - Americas Discussion
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Americas Discussion
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No new posts Sticky: [ Poll ] Uncle Sam says "No Sopa Para Usted" to illegals
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53 Aaron 9116 Wed Jul 09, 2008 11:30 am
socrates1fan View latest post
No new posts Sticky: Houston Texas
11 Aaron 6837 Sat Jan 28, 2006 10:06 am
TommyJefferson View latest post
No new posts Help save the South Central Farm!
1 AlCzervik 179 Wed Jul 23, 2008 5:08 am
Cashmere View latest post
No new posts Americans are too lazy to walk
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101 joelcolorado 5190 Tue Jul 22, 2008 9:58 pm
Canuk View latest post
No new posts We have become the bitch of China.
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57 allenwrench 2988 Tue Jul 22, 2008 9:24 pm
Canuk View latest post
No new posts nationalizing freddie and fannie
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17 zoidberg 581 Tue Jul 22, 2008 7:20 pm
jbrovont View latest post
No new posts [ Poll ] Any Americans still pro-immigration?
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144 Ayoob 4648 Tue Jul 22, 2008 5:10 pm
Ludi View latest post
No new posts The Onion said BushCo would be disastrous in 2001
11 Zardoz 428 Tue Jul 22, 2008 12:49 pm
burtonridr View latest post
No new posts Why America will break apart-What Cheap energy has done..
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161 GeneralGreen 6077 Tue Jul 22, 2008 10:23 am
MidwesternMom View latest post
No new posts national energy policy and energy independence
0 phaster 155 Mon Jul 21, 2008 9:53 am
phaster View latest post
No new posts What does it mean to be an American?
7 Cynus 552 Sat Jul 19, 2008 4:25 pm
emeraldg40 View latest post
No new posts Chesapeake Energy & Natural Gas
4 keeter 240 Fri Jul 18, 2008 9:59 pm
joeltrout View latest post
No new posts WTF I am now agreeing with Bush!!!
9 sicophiliac 568 Thu Jul 17, 2008 3:51 pm
vetusfirma View latest post
No new posts GAO REPORT ACKNOWLEDGING PEAK OIL (old- 2007)
1 Sixstrings 365 Tue Jul 15, 2008 7:14 am
Nano View latest post
No new posts Anyone live near Waterloo (Canada)?
11 Narz 352 Tue Jul 15, 2008 6:38 am
Nickel View latest post
No new posts How long before U.S. Troops on Mexican Boarder?
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22 SILENTTODD 2464 Tue Jul 15, 2008 6:22 am
Nickel View latest post
No new posts Peak Oil and the Yankoslavian Dinar
5 chrispi 648 Tue Jul 15, 2008 6:00 am
Nickel View latest post
No new posts The future ain't what it used to be...
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22 Nickel 1346 Tue Jul 15, 2008 5:41 am
Nickel View latest post
No new posts America Required to Sell Oil to Israel
14 3aidlillahi 780 Mon Jul 14, 2008 7:45 pm
Vogelzang View latest post
No new posts Homless in a Honda CR-V -- signs of trouble in suburbia
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17 Sixstrings 1108 Mon Jul 14, 2008 11:02 am
Canuk View latest post
No new posts Getting off the Road
4 Canuk 420 Sun Jul 13, 2008 9:59 pm
Canuk View latest post
No new posts Meet BJ Lawson: The PO.com Candidate (for Congress)
1 3aidlillahi 214 Fri Jul 11, 2008 3:13 pm
BigTex View latest post
No new posts Money market funds...are they the next bailout?
2 allenwrench 278 Fri Jul 11, 2008 2:50 pm
RonMN View latest post
No new posts Where would one go to find facts on surface geology?
1 cudabachi 140 Fri Jul 11, 2008 2:32 pm
Ludi View latest post
No new posts Best as we can determine, what is the actual inflation #
13 allenwrench 579 Fri Jul 11, 2008 9:09 am
allenwrench View latest post
No new posts Bush's Dollar Drop Maps Loss of U.S. Clout t Final G8 Summit
4 Petrodollar 340 Thu Jul 10, 2008 10:58 pm
vetusfirma View latest post
No new posts Herd Wakes Up To TIPS Scam
6 mattduke 745 Thu Jul 10, 2008 9:33 am
BigTex View latest post
No new posts Our Constitution
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155 seahorse 11898 Wed Jul 09, 2008 4:11 pm
smallpoxgirl View latest post
No new posts Mexico collapse watch thread
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46 Cynus 3882 Wed Jul 09, 2008 11:57 am
mos6507 View latest post
No new posts This Is What Collapse Looks Like.
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26 killJOY 2557 Tue Jul 08, 2008 9:49 pm
socrates1fan View latest post
No new posts FDIC-lite
8 roccman 535 Tue Jul 08, 2008 9:21 pm
TommyJefferson View latest post
No new posts Is America going to have a Revolution?
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189 seahorse2 14345 Tue Jul 08, 2008 7:37 pm
joelcolorado View latest post
No new posts THE State of Mississippi Thread
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51 Tanada 2100 Tue Jul 08, 2008 12:24 pm
PonyBoy78 View latest post
No new posts Entertainment equivalents of gasoline
8 MattS 570 Tue Jul 08, 2008 12:52 am
anagami View latest post
No new posts Assistant Treasury Secretary For Economy Puts On Brave Face
8 mattduke 529 Mon Jul 07, 2008 1:19 pm
roccman View latest post
No new posts Peak USA PR0N
3 mos6507 499 Sun Jul 06, 2008 10:37 pm
ivanillich View latest post
No new posts Why the feeling that the U.S. will break up in future?
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65 Denny 3944 Sun Jul 06, 2008 4:16 pm
Ludi View latest post
No new posts Costa Rica
6 anagami 564 Sun Jul 06, 2008 1:45 pm
BigTex View latest post
No new posts Independence Day 2008
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17 emersonbiggins 967 Sat Jul 05, 2008 9:56 am
MarkJ View latest post
No new posts Mexican Army and their violence appears in Phoenix...
13 hope_full 1082 Sat Jul 05, 2008 4:36 am
Dreamtwister View latest post
No new posts St Louis Fed President: Core Inflation Harms Credibility
0 mattduke 246 Fri Jul 04, 2008 5:47 pm
mattduke View latest post
No new posts John McCain will not win election
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93 energyfight 4312 Fri Jul 04, 2008 2:26 pm
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No new posts As Gas Prices Rise, Teenagers’ Cruising Declines
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15 TWilliam 929 Thu Jul 03, 2008 2:48 pm
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No new posts Rural laments
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74 Denny 3537 Thu Jul 03, 2008 7:18 am
joelcolorado View latest post
No new posts Flooding
11 jasonraymondson 909 Thu Jul 03, 2008 7:14 am
joelcolorado View latest post
No new posts THE New Orleans Thread
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225 sol 3641 Wed Jul 02, 2008 1:20 pm
TommyJefferson View latest post
No new posts County Metrics.
0 Rogozhin 214 Wed Jul 02, 2008 3:46 am
Rogozhin View latest post
No new posts THE US Surveillance Thread (merged)
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105 mekrob 4916 Tue Jul 01, 2008 3:41 am
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No new posts THE Federal Reserve Thread
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228 Falstaff 35688 Tue Jul 01, 2008 2:09 am
Micki View latest post
No new posts THE US Judicial System Thread
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128 elizabethlea 5241 Fri Jun 27, 2008 7:56 am
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