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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 92 Sun Jul 20, 2008 12:29 pm
Shannymara View latest post
No new posts Another find.. Fresh oil and gas find in Brazil: (updateing)
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138 crossthread 11602 Mon Jul 07, 2008 7:54 pm
ROCKMAN View latest post
No new posts S. Korea to cut oil tax if oil hits $170
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24 Hogan 894 Mon Jul 07, 2008 7:33 pm
wisconsin_cur View latest post
No new posts OPEC chief says strong world demand will keep oil prices up
6 Hogan 414 Mon Jul 07, 2008 3:53 pm
idiom View latest post
No new posts Asleep at the Spigot: NY Times Says We Were Warned
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18 DantesPeak 1885 Mon Jul 07, 2008 1:25 pm
GASMON View latest post
No new posts "Doomsday vault" to hold seeds:
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32 Leanan 4285 Mon Jul 07, 2008 12:23 pm
mos6507 View latest post
No new posts What happens in America, stays in America?
14 pumpjack 796 Mon Jul 07, 2008 11:29 am
cat View latest post
No new posts Leading Economic Indicators Warn of China Downturn
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38 OilFinder2 2589 Mon Jul 07, 2008 8:23 am
Hogan View latest post
No new posts Thunder Horse news.
11 dorlomin 1352 Mon Jul 07, 2008 6:15 am
ROCKMAN View latest post
No new posts Air France eyes move to railways - way to go
12 lorenzo 1033 Sun Jul 06, 2008 10:03 pm
emersonbiggins View latest post
No new posts Bush Kills off Solar Energy Citing "Environmental"
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58 joe1347 2058 Sun Jul 06, 2008 8:25 pm
sicophiliac View latest post
No new posts Saudi Arabia Cuts August Light Crude Oil Prices for the U.S.
5 OilFinder2 447 Sun Jul 06, 2008 7:31 pm
Homesteader View latest post
No new posts OPEC's el-Badri - Members can shift from $ pricing
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60 DantesPeak 6598 Sun Jul 06, 2008 1:41 pm
DantesPeak View latest post
No new posts Americans' solution to the energy crisis: Prayer, of course
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61 3aidlillahi 2538 Sun Jul 06, 2008 9:04 am
lper100km View latest post
No new posts USA - It's All About "The O"
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18 heartandseoul 1405 Sun Jul 06, 2008 5:06 am
idiom View latest post
No new posts China Q1 2008 urban disposable income per capita up 11.5 pct
2 Hogan 383 Sun Jul 06, 2008 4:48 am
Hogan View latest post
No new posts IEA: Stop keeping gasoline prices artificially low
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15 Hogan 878 Sun Jul 06, 2008 1:45 am
thor View latest post
No new posts 30 billion fewer miles driven, and counting
13 OilFinder2 830 Sun Jul 06, 2008 1:12 am
ReducedToZero View latest post
No new posts Canada’s Oil Sands Will Not Prevent PO-Uppsala U
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15 DantesPeak 1895 Sat Jul 05, 2008 6:51 pm
Homesteader View latest post
No new posts World Economy Would Collapse If Oil Hit $200, Deutsche Says
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39 Graeme 2906 Sat Jul 05, 2008 9:09 am
manu View latest post
No new posts So if the BLM has not approved of any Solar projects...
3 wertz 318 Sat Jul 05, 2008 9:08 am
aahala2 View latest post
No new posts Bye bye photovoltaics: rare earth elements depleted by 2017
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43 lorenzo 2585 Sat Jul 05, 2008 6:11 am
TonyPrep View latest post
No new posts Shell expands Alaska portfolio
2 vampyregirl 304 Sat Jul 05, 2008 5:44 am
TheDude View latest post
No new posts USA vs Canada National Gas Temperature Map
3 Ache 405 Fri Jul 04, 2008 8:41 pm
DantesPeak View latest post
No new posts The Tuscaloosa Marine Shale: Another Bakken?
2 OilFinder2 765 Fri Jul 04, 2008 7:21 pm
OilFinder2 View latest post
No new posts Biofuels blamed for high food prices
0 frankthetank 193 Fri Jul 04, 2008 4:47 pm
frankthetank View latest post
No new posts Diesel Shortages Hit Qatar, India, China
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22 DantesPeak 2088 Fri Jul 04, 2008 2:35 pm
AirlinePilot View latest post
No new posts THE Desalination Thread (merged)
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28 jandek1 559 Fri Jul 04, 2008 12:46 pm
smallpoxgirl View latest post
No new posts OPEC Exports to Fall Back in July: Oil Movements
12 DantesPeak 1492 Fri Jul 04, 2008 12:31 pm
ROCKMAN View latest post
No new posts Utah state employees going to a 4 day workweek
13 frankthetank 845 Fri Jul 04, 2008 11:11 am
PonyBoy78 View latest post
No new posts Fuel strike in India
8 stu 674 Fri Jul 04, 2008 10:32 am
thor View latest post
No new posts Out of Gas : On the Downslope of Peak Oil Photos
10 AlexdeLarge 1180 Thu Jul 03, 2008 8:48 pm
hope_full View latest post
No new posts Marshall Islands Declares State Of Emergency Over Oil
8 abelardlindsay 849 Thu Jul 03, 2008 6:13 pm
mos6507 View latest post
No new posts Local man saves money on gas with new electric car
3 IndigoMoon 426 Thu Jul 03, 2008 3:42 pm
lawnchair View latest post
No new posts OPEC Leader: US needs to stop harassing OPEC countries
6 Hogan 517 Thu Jul 03, 2008 3:41 pm
Plantagenet View latest post
No new posts More cornucopian crap from al-Naimi
6 Zardoz 508 Thu Jul 03, 2008 3:18 pm
Novus View latest post
No new posts Fortis chairman predicts total financial meltdown in weeks
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49 lorenzo 3931 Thu Jul 03, 2008 12:36 pm
sameu View latest post
No new posts Some offshore projects
4 vampyregirl 404 Thu Jul 03, 2008 10:45 am
TheDude View latest post
No new posts Two Year Freeze on Solar
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28 skiptamali 1114 Thu Jul 03, 2008 10:15 am
Plantagenet View latest post
No new posts Russian President Predicts $150 Oil
11 DantesPeak 662 Thu Jul 03, 2008 9:58 am
anarky321 View latest post
No new posts IEA: World Oil Demand Will Continue Growing, Despite Prices
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62 Hogan 2201 Thu Jul 03, 2008 9:48 am
Smudger View latest post
No new posts Mass. Governor Signs Landmark Energy Bill
11 Tyler_JC 560 Thu Jul 03, 2008 8:20 am
Tyler_JC View latest post
No new posts Brent falls $10.25? No, I Guess Not
4 Olle 799 Thu Jul 03, 2008 2:07 am
Micki View latest post
No new posts Megaprojects revision
3 TheDude 660 Thu Jul 03, 2008 12:03 am
TheDude View latest post
No new posts Denmark in recession
11 sameu 883 Wed Jul 02, 2008 11:08 pm
DefiledEngine View latest post
No new posts Using Carbon Dioxide
0 vampyregirl 239 Wed Jul 02, 2008 9:55 pm
vampyregirl View latest post
No new posts Iraq to Open Oil Fields for 35 Foreign Companies
10 Graeme 596 Wed Jul 02, 2008 9:15 pm
rider View latest post
No new posts Worlds First High Temperature Reactor in China
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18 AlexdeLarge 1174 Wed Jul 02, 2008 8:18 pm
MikeInHouston View latest post
No new posts US demand down 811,000 barrels per day
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47 syrac818 2497 Wed Jul 02, 2008 1:54 pm
AirlinePilot View latest post
No new posts Get used to high oil prices: Saudi King
7 TheDude 535 Wed Jul 02, 2008 12:09 pm
GASMON View latest post
No new posts the true color of "liberals"
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64 Buggy 2054 Wed Jul 02, 2008 11:56 am
taizee View latest post
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