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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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Peakoil.com :: View Forum - Europe Discussion
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Europe Discussion
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No new posts [ Poll ] Europe, Why don’t we have guns?
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82 kevincarter 14520 Wed May 30, 2007 4:11 am
Smudger View latest post
No new posts [ Poll ] Eurovision Song Contest - how much longer?
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17 Tuike 3727 Tue May 22, 2007 11:58 am
What_Went_Wrong View latest post
No new posts What if China nationalizes all western assets?
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16 Bas 4887 Fri May 18, 2007 11:24 pm
Tyler_JC View latest post
No new posts Record UK's carbon dioxide emissions
7 eXpat 2203 Thu May 17, 2007 5:56 pm
Plantagenet View latest post
No new posts Biogas Methane Digesters
4 Grautr 1684 Wed May 09, 2007 11:43 am
Grautr View latest post
No new posts Russians protest as Estonians remove Russian monument
11 Plantagenet 2282 Mon May 07, 2007 11:14 am
Pretorian View latest post
No new posts Pros and Cons of labor managed economy?
7 IRman 2428 Fri May 04, 2007 1:35 pm
truecougarblue View latest post
No new posts Bavaria: hottest, driest, sunniest April ever
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23 Anthrobus 4402 Thu May 03, 2007 12:12 pm
Plantagenet View latest post
No new posts Gazprom City: If you've got it, flaunt it
11 Zardoz 4113 Wed Apr 18, 2007 5:15 am
phaeryen View latest post
No new posts Ukraine disolves parliament! Energy Politics Involved
4 steam_cannon 1740 Tue Apr 03, 2007 2:20 pm
Twilight View latest post
No new posts The American Economy and Consequences for Europe?
6 TBroedsgaard 2567 Sat Mar 24, 2007 11:17 pm
LX1 View latest post
No new posts Bizarre 1984-esque UK poster
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26 Chocky 6249 Mon Mar 19, 2007 5:07 pm
JPL View latest post
No new posts Peak Oil activity in Helsinki, Finland
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20 muumiponi 5609 Wed Mar 14, 2007 1:36 pm
Tuike View latest post
No new posts UK ID cards - threaten our privacy and civil liberties
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15 julianj 3426 Mon Mar 12, 2007 11:24 am
kevincarter View latest post
No new posts EU agrees renewable energy target
7 Bas 1724 Sun Mar 11, 2007 2:34 pm
lateStarter View latest post
No new posts Green energy suppliers in the UK
2 eXpat 1009 Sat Mar 10, 2007 8:44 am
eXpat View latest post
No new posts Come back, euro - all is forgiven
7 Euric 2080 Mon Mar 05, 2007 5:43 pm
Twilight View latest post
No new posts My silly video predicting the future
10 Doly 2129 Tue Feb 27, 2007 8:09 am
Laughs_Last View latest post
No new posts Tony Blair's exit interview
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16 Zardoz 3910 Fri Feb 23, 2007 6:20 pm
Gridlock View latest post
No new posts Finnish Green party's oil independence program
9 Tuike 1927 Tue Feb 20, 2007 11:12 am
Tuike View latest post
No new posts Halloween in Europe?
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37 Daculling 6937 Sat Feb 10, 2007 4:32 pm
lateStarter View latest post
No new posts Neighbours mentions peak oil
4 Ayame 1649 Thu Feb 08, 2007 10:37 am
Ayame View latest post
No new posts Crisis preparation in Finnish news
13 Arkwright 3384 Sun Jan 14, 2007 1:21 pm
Arkwright View latest post
No new posts 20 januari: ASPO Netherlands conference - Amsterdam
0 Taskforce_Unity 3754 Tue Jan 09, 2007 12:05 pm
Taskforce_Unity View latest post
No new posts UK oil production issues
3 nth 1434 Fri Dec 15, 2006 2:24 pm
bobbyboy View latest post
No new posts Poland - Not enough NG for 2006/2007 winter
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29 lateStarter 5468 Thu Dec 14, 2006 3:25 pm
lateStarter View latest post
No new posts Hard times coming for Finland next winter
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23 Tuike 5070 Mon Dec 11, 2006 3:42 am
Fredrik View latest post
No new posts Al-Qaida plotting nuclear attack on UK, officials warn
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26 Graeme 4102 Tue Dec 05, 2006 3:16 am
max_power29 View latest post
No new posts Details Of The UK Police State - The Model For America
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31 max_power29 5979 Wed Nov 22, 2006 4:59 pm
eXpat View latest post
No new posts More Coal Equals More CO2
4 clv101 1343 Tue Nov 21, 2006 12:09 pm
Slowpoke View latest post
No new posts A primer on Caspian Oil
2 clv101 1028 Sun Nov 19, 2006 5:09 pm
clv101 View latest post
No new posts Russia's natural gas supplies running low
6 Tuike 1653 Tue Nov 14, 2006 1:56 am
lateStarter View latest post
No new posts EU directive on energy use could force huge changes
2 Zardoz 1239 Sun Nov 12, 2006 4:07 pm
Anthrobus View latest post
No new posts THE UK Civilian Surveillance Thread (merged)
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15 Magus 628 Mon Nov 06, 2006 3:49 pm
TheTurtle View latest post
No new posts Global warming could leave Britain feeling the cold
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17 Zardoz 2575 Sun Nov 05, 2006 8:30 am
Fredrik View latest post
No new posts British society the most watched in the West
14 Chocky 2262 Fri Nov 03, 2006 1:32 pm
mrobert View latest post
No new posts Panaorama - BBC1 - Sunday 5/11/6
0 Richard 918 Wed Nov 01, 2006 7:56 pm
Richard View latest post
No new posts Europe Now Targets Bloggers As Terrorists..
13 Fusion800 2339 Sun Oct 29, 2006 3:13 pm
oil_girl View latest post
No new posts Event: Lecture by Prof Keith Barnham London 26 Oct
0 julianj 897 Sun Oct 22, 2006 12:09 pm
julianj View latest post
No new posts Britain and world set for ‘hard landing’
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26 Zardoz 6260 Sat Oct 21, 2006 4:23 pm
Anthrobus View latest post
No new posts French Elections
4 Serendipity 1120 Wed Oct 18, 2006 2:20 am
Serendipity View latest post
No new posts What’s up with UK police-state / total doom movies?
7 kevincarter 1705 Mon Oct 16, 2006 8:28 pm
Laughs_Last View latest post
No new posts British school girl arrested for racism
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45 Chocky 6485 Mon Oct 16, 2006 10:16 am
TommyJefferson View latest post
No new posts 30,000 jobs will go – but keep smiling
1 newhunter-gatherer 1168 Fri Oct 13, 2006 1:10 pm
EnergyUnlimited View latest post
No new posts 80% of Britons Don't Believe Liquid Bomb Threat
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20 mattduke 3444 Fri Oct 13, 2006 1:00 pm
EnergyUnlimited View latest post
No new posts Islam
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80 MOCKBA 9276 Fri Oct 13, 2006 11:46 am
kevincarter View latest post
No new posts Oh, the irony.. *negative* UK spot prices for NG
6 bellebouche 1846 Sat Oct 07, 2006 3:33 pm
PWALPOCO View latest post
No new posts Finnish oil industry: There's plenty of black gold
7 Tuike 2003 Wed Oct 04, 2006 12:17 pm
Tuike View latest post
No new posts EuroCamping Guide
0 nojaroff 842 Sat Sep 30, 2006 1:52 am
nojaroff View latest post
No new posts Domestic wind turbines on sale n-wide
2 Gridlock 936 Fri Sep 29, 2006 1:53 am
Gridlock View latest post
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