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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 - Australia & New Zealand Discussion
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Australia & New Zealand Discussion
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No new posts 'No ordinary storm' to strike New Zealand
0 skiwi 6 Thu Jul 24, 2008 9:37 pm
skiwi View latest post
No new posts Marc Faber - dire prediction for Australia
1 Micki 366 Wed Jul 23, 2008 2:28 am
alokin View latest post
No new posts How do kiwis feel about NZ becoming a PO 'lifeboat' nation?
12 kiwiduncan 580 Tue Jul 22, 2008 6:39 pm
Kingcoal View latest post
No new posts Australia Has Decade of Oil Left at Current Rates
7 Graeme 440 Tue Jul 22, 2008 12:11 am
Graeme View latest post
No new posts Qantas cuts jobs and suspends hiring
0 vilemerchant 181 Thu Jul 17, 2008 9:12 pm
vilemerchant View latest post
No new posts Electricity, LPG & CNG Will Be First Alt Fuels in Austra
0 Graeme 145 Tue Jul 15, 2008 7:21 am
Graeme View latest post
No new posts NZ Company has petrol alternative
2 Graeme 314 Mon Jul 14, 2008 9:21 pm
Judgie View latest post
No new posts Peak Oil Kiwis on Facebook
0 kiwiduncan 178 Mon Jul 14, 2008 8:55 pm
kiwiduncan View latest post
No new posts Emigrating to NZ
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34 Ainan 2650 Mon Jul 14, 2008 2:22 am
TonyPrep View latest post
No new posts Australia's unaffordable housing - but for how long?
13 RacerJace 1968 Sat Jul 12, 2008 4:29 pm
skiwi View latest post
No new posts Drought Spreads Across Australia/US Grain Prices Soar
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309 DantesPeak 43194 Sat Jul 12, 2008 12:45 am
skiwi View latest post
No new posts CSIRO reports warns of $8/L Petrol
2 IMSancho 285 Thu Jul 10, 2008 7:22 pm
Peleg View latest post
No new posts Gorgon news
1 vampyregirl 341 Wed Jul 09, 2008 1:51 am
Cashmere View latest post
No new posts Are we better off in Australia?
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74 alokin 12128 Tue Jul 08, 2008 1:52 am
vilemerchant View latest post
No new posts Exceptionally hot years... 1 out of every 2 years from 2010
2 dunny 440 Sun Jul 06, 2008 9:47 pm
alokin View latest post
No new posts New Hybrid Fuel Cell franchise launches
8 Graeme 1039 Sun Jul 06, 2008 1:07 am
Lunchbox View latest post
No new posts Market warming to cheaper solar panels
1 Graeme 357 Mon Jun 30, 2008 9:44 pm
Johny_Bloggsy View latest post
No new posts Use of non renewable energy increasing in NZ
0 Graeme 277 Tue Jun 24, 2008 10:05 pm
Graeme View latest post
No new posts Coal Seam Gas
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16 PeekOil 1426 Sun Jun 22, 2008 8:21 pm
Zeeea View latest post
No new posts Pohokura
1 vampyregirl 406 Thu Jun 19, 2008 8:43 am
Ainan View latest post
No new posts Nine news - Trucking costs segment.
2 Judgie 448 Thu Jun 19, 2008 4:48 am
Hagakure_Leofman View latest post
No new posts What part of New Zealand are you in?
5 kiwiduncan 686 Sun Jun 15, 2008 3:48 am
loadedbeat View latest post
No new posts Australian Natural Gas - How Much Do We Have And How long Wi
3 alokin 556 Fri Jun 13, 2008 5:06 am
alokin View latest post
No new posts Aquaflow makes crucial algae biofuel breakthroughs
4 Graeme 1083 Fri Jun 13, 2008 2:55 am
Judgie View latest post
No new posts Australia only 1/4 explored, says industry report
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25 Oil-Finder 2158 Thu Jun 12, 2008 5:54 am
TheDude View latest post
No new posts Imports in Australia
0 alokin 388 Thu Jun 12, 2008 3:19 am
alokin View latest post
No new posts trains in Australia
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24 alokin 2468 Wed Jun 11, 2008 7:04 am
Somebody View latest post
No new posts Oil - Fundamentals vs Speculation
7 Johny_Bloggsy 768 Wed Jun 11, 2008 5:57 am
Johny6677 View latest post
No new posts petrol prices
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19 alokin 3665 Wed Jun 11, 2008 3:18 am
loadedbeat View latest post
No new posts Australian community spirit is still going
2 DrBang 516 Tue Jun 10, 2008 9:00 am
Dukat_Reloaded View latest post
No new posts Pheww. It's all ok, nothing to worry about
5 BlinkBlink 885 Mon Jun 09, 2008 2:34 am
Judgie View latest post
No new posts South Australian Parliamentary Select Committee on Peak Oil
0 fiedag 348 Sat Jun 07, 2008 10:01 am
fiedag View latest post
No new posts Is The Collapse Of The US Just A Load Of B.S???
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27 jesterx 2001 Fri Jun 06, 2008 8:35 am
Ferretlover View latest post
No new posts NZ Electricity Prices
1 Moped 411 Wed Jun 04, 2008 5:53 am
electric_future View latest post
No new posts Australian peak oil related investments.
12 solarpoweredlasers 2253 Wed Jun 04, 2008 5:02 am
solarpoweredlasers View latest post
No new posts Frozen Gas Hydrates Off New Zealand
1 Graeme 550 Wed Jun 04, 2008 4:48 am
solarpoweredlasers View latest post
No new posts Foodprices in Australia
7 alokin 1378 Tue Jun 03, 2008 8:00 am
like_the_dinosaurs View latest post
No new posts haere mai, everything is ka pai
5 yeahbut 648 Tue Jun 03, 2008 12:41 am
yeahbut View latest post
No new posts power cuts this winter?
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21 yeahbut 3073 Tue May 27, 2008 4:16 pm
yeahbut View latest post
No new posts Yet another American (possibly) moving to New Zealand
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18 chrispi 3152 Mon May 26, 2008 11:18 pm
Soup View latest post
No new posts shopping for doomsday
1 alokin 1111 Mon May 26, 2008 5:07 am
TeamBridge View latest post
No new posts Watching Pumping Empty in Bris?
8 Micki 1021 Thu May 22, 2008 8:44 pm
Micki View latest post
No new posts NZ: Economy b4 Environment
3 s0cks 724 Thu May 22, 2008 5:30 am
TonyPrep View latest post
No new posts What is it about Peak Oil that doesn't grab people?
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37 yeahbut 5982 Wed May 21, 2008 8:31 pm
albente View latest post
No new posts Watching Pumping Empty in Bris?
0 Micki 397 Sun May 18, 2008 3:14 am
Micki View latest post
No new posts Anyone here from tasmania?
8 daniel347 1433 Thu May 15, 2008 10:52 am
Nickel View latest post
No new posts Aussie foreclosures (video)
2 alokin 577 Wed May 14, 2008 12:15 am
alokin View latest post
No new posts Vic to pay 60c/kWh for grid connected renewable energy
1 Micki 493 Thu May 08, 2008 1:19 am
sparky View latest post
No new posts Major carbon dump for SA (South Australia).
4 Judgie 460 Tue Apr 29, 2008 8:22 am
Judgie View latest post
No new posts Questions surround price, availability of oil in NZ
2 Graeme 675 Mon Apr 28, 2008 4:48 am
s0cks View latest post
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