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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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Current Events
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No new posts Announcement: Current Events forum rules
0 Shannymara 91 Sun Jul 20, 2008 12:29 pm
Shannymara View latest post
No new posts Sticky: 2008 Hurricane/Typhoon/Cyclone Season
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184 lawnchair 9528 Thu Jul 24, 2008 2:07 pm
Ferretlover View latest post
No new posts Sticky: The Natural Gas Price Watch Thread
6 smallpoxgirl 159 Thu Jul 24, 2008 1:20 pm
joeltrout View latest post
No new posts Sticky: Another Record ($147.27)
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314 Shannymara 21166 Thu Jul 24, 2008 12:32 pm
chuck6877 View latest post
No new posts Sticky: Weekly US Petroleum and NG Supply Reports (Current)
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391 pup55 29401 Thu Jul 24, 2008 10:52 am
DantesPeak View latest post
No new posts Sticky: Refinery Outages and Pipeline Problems 2007 -08
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374 pup55 53111 Thu Jul 24, 2008 8:04 am
Hogan View latest post
No new posts Sticky: Another Gasoline Record
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490 DantesPeak 38792 Wed Jul 23, 2008 2:14 pm
frankthetank View latest post
No new posts Sticky: Aviation Fuel price record
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185 AirlinePilot 35328 Sat Jul 12, 2008 10:38 am
SMA View latest post
No new posts Sticky: North American Fuel Shortage Reports
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225 pup55 41811 Tue Jul 08, 2008 2:51 pm
TheDude View latest post
No new posts Sticky: Record Diesel engine fuels price thread.
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167 Tanada 15247 Thu Jul 03, 2008 7:16 am
Tuike View latest post
No new posts Sticky: Europe Fuel Shortage Reports
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126 pup55 26502 Mon Jun 16, 2008 7:43 pm
pup55 View latest post
No new posts Sticky: Global Fuel Shortage Reports
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92 pup55 19260 Wed Jun 11, 2008 8:22 pm
shortonoil View latest post
No new posts GM, Ford, and Chrysler Death Watch Thread
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140 Hogan 8370 Thu Jul 24, 2008 2:52 pm
timmac View latest post
No new posts Everyday Effects of High Energy Prices Thread
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177 Hogan 9769 Thu Jul 24, 2008 2:38 pm
anagami View latest post
No new posts US warns Russia on nuclear bombers in Cuba
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22 KevO 759 Thu Jul 24, 2008 2:18 pm
PeakingAroundtheCorner View latest post
No new posts The lowdown on offshore oil reserves
10 Graeme 575 Thu Jul 24, 2008 1:35 pm
Twilight View latest post
No new posts Arctic Holds 100 Billion Bbl Oil In Unexplored Fields
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41 Graeme 1872 Thu Jul 24, 2008 1:32 pm
Twilight View latest post
No new posts House Resolution Calls for Naval Blockade against Iran
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92 geojap2 6349 Thu Jul 24, 2008 12:31 pm
Viper View latest post
No new posts Hynix closing facility in Eugene, Oregon...
11 catbox 547 Thu Jul 24, 2008 12:11 pm
strider3700 View latest post
No new posts Peak Oil: the Good ...
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30 Waterthrush 2100 Thu Jul 24, 2008 10:08 am
charliebrownout View latest post
No new posts Refining margins watch (was Tesoro)
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178 UncoveringTruths 17903 Thu Jul 24, 2008 8:50 am
pup55 View latest post
No new posts US gives Iran 2 weeks or face war
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65 KevO 3659 Thu Jul 24, 2008 7:43 am
Micki View latest post
No new posts U.S. highway fatalities down 9% thus far in 2008
14 emersonbiggins 404 Thu Jul 24, 2008 7:07 am
3aidlillahi View latest post
No new posts Prime time BBC drama about West's oil dependency
7 newbonic 320 Thu Jul 24, 2008 12:07 am
mos6507 View latest post
No new posts Sin City is in trouble
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40 Hogan 3366 Wed Jul 23, 2008 9:43 pm
timmac View latest post
No new posts Airline Bankruptcy/Merger/Layoffs Thread
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320 vision-master 22886 Wed Jul 23, 2008 8:49 pm
Peleg View latest post
No new posts US electrical infrastructure near breaking point
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59 Hogan 2749 Wed Jul 23, 2008 4:50 pm
Starvid View latest post
No new posts $.20 to $.30 gasoline drop coming in days...
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23 frankthetank 1414 Wed Jul 23, 2008 12:21 pm
yesplease View latest post
No new posts Pickens Energy Plan
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59 dinopello 2843 Wed Jul 23, 2008 9:46 am
Alcassin View latest post
No new posts The impact of peak oil on international development (UK rpt)
2 Graeme 172 Wed Jul 23, 2008 9:41 am
Graeme View latest post
No new posts When will the oil supply peak? Some say it already has
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31 Leanan 1616 Wed Jul 23, 2008 7:37 am
CarlosFerreira View latest post
No new posts Future Energy Technology News
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74 Graeme 3799 Wed Jul 23, 2008 2:09 am
davep View latest post
No new posts SemGroup Files for Bankruptcy
0 TheDude 266 Tue Jul 22, 2008 11:28 pm
TheDude View latest post
No new posts USING BOMBS TO STAVE OFF WAR?
12 SILENTTODD 673 Tue Jul 22, 2008 10:32 pm
Viper View latest post
No new posts Al Gore - Wants no FF for electric w/in 10 years . . .
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107 Cashmere 3249 Tue Jul 22, 2008 8:42 pm
yesplease View latest post
No new posts Reuters: Peak oil to hinder world development
7 PeakingAroundtheCorner 716 Tue Jul 22, 2008 8:08 pm
Ayoob View latest post
No new posts Big land rush to build solar projects in the Mohave Desert
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20 OilFinder2 704 Tue Jul 22, 2008 11:07 am
Cabrone View latest post
No new posts Mexico trims exports to US
11 UncoveringTruths 978 Tue Jul 22, 2008 9:47 am
burtonridr View latest post
No new posts Biggest commodities bust in 52 years
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173 emersonbiggins 8957 Tue Jul 22, 2008 9:33 am
emersonbiggins View latest post
No new posts Bakken (U.S.) formation oil discovery - 4 billion barrels
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825 killJOY 34494 Mon Jul 21, 2008 11:12 pm
OilFinder2 View latest post
No new posts Gas tax increase coming?
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16 frankthetank 597 Mon Jul 21, 2008 7:39 pm
yesplease View latest post
No new posts "Oil drops by most in 17 years"
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42 emersonbiggins 2495 Sun Jul 20, 2008 9:21 pm
evilgenius View latest post
No new posts Speculators not responsible for oil bull market
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77 joewp 4670 Sun Jul 20, 2008 6:44 pm
slesh View latest post
No new posts Energy bills to rise by more than 60% . TSHHTF
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15 KevO 1211 Sun Jul 20, 2008 7:19 am
MarkJ View latest post
No new posts David Blume and alcoholcanbeagas.com - impressive!
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127 h20 7567 Sat Jul 19, 2008 11:40 pm
yesplease View latest post
No new posts Oil Consumption Exceeds Production for Last 17 months (EIA)
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55 TonyPrep 4682 Sat Jul 19, 2008 9:31 pm
3aidlillahi View latest post
No new posts The Spreading Food Crisis Thread (U.S. & World)
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1480 wisconsin_cur 61061 Sat Jul 19, 2008 2:21 pm
Ludi View latest post
No new posts Matt Simmons uber doomer on CNBC
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82 cipi604 5420 Sat Jul 19, 2008 8:36 am
vision-master View latest post
No new posts Rice: US still puts conditions on talks with Iran (ARgh)
3 simontay78 348 Fri Jul 18, 2008 10:27 pm
SILENTTODD View latest post
No new posts A Letter to Nancy Pelosi
10 Peleg 382 Fri Jul 18, 2008 7:37 pm
Plantagenet View latest post
No new posts $5 Gasoline in California by 4th of July
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34 Hogan 2645 Fri Jul 18, 2008 7:36 pm
SILENTTODD View latest post
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