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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 - Geopolitics
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Geopolitics
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No new posts Announcement: Geopolitics forum rules
0 stu 41 Mon Nov 28, 2005 4:06 pm
stu View latest post
No new posts Nigeria oil woes
7 Cid_Yama 694 Fri Jun 20, 2008 4:38 pm
GASMON View latest post
No new posts NATO faces critical battle in Afghanistan
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70 Cid_Yama 2330 Fri Jun 20, 2008 3:32 pm
virgincrude View latest post
No new posts Should Congress nationalize oil/gasoline production?
5 ProudFossil 438 Wed Jun 18, 2008 8:20 pm
SchroedingersCat View latest post
No new posts Couple Of New Documentaries
0 Schadenfreude 559 Sat Jun 14, 2008 4:53 pm
Schadenfreude View latest post
No new posts Stand up for WHOM?...Stand up for...THIS??
2 pana_burda 455 Sat Jun 14, 2008 4:30 pm
pana_burda View latest post
No new posts THE Jimmy Carter Thread (merged)
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301 rerere 2635 Sat Jun 14, 2008 9:15 am
BigTex View latest post
No new posts Venezuelans participate in 'resistance' exercises
7 Cid_Yama 728 Sat Jun 14, 2008 7:20 am
pana_burda View latest post
No new posts Turkey, Syria eye nuclear energy cooperation
0 Cid_Yama 303 Fri Jun 13, 2008 10:40 pm
Cid_Yama View latest post
No new posts Sadr Vows Liberty or Death vs US Forces in Iraq
1 Cid_Yama 325 Fri Jun 13, 2008 9:56 pm
biofuel13 View latest post
No new posts US biofuel being 'dumped' in Europe
1 Cid_Yama 357 Fri Jun 13, 2008 11:51 am
Tyler_JC View latest post
No new posts Iran Threatens to Buy Gold
3 mattduke 732 Thu Jun 12, 2008 10:39 pm
threadbear View latest post
No new posts [ Poll ] Are they coming clean? (Saudi Arabia summons VIP's)
8 alecifel 774 Thu Jun 12, 2008 1:29 pm
Twilight View latest post
No new posts [ Poll ] Mat Simmons: The Ultimate Doomer (Video)
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15 Aaron 1895 Tue Jun 10, 2008 10:06 pm
Schadenfreude View latest post
No new posts Why must we endure 135 a barrel for oil, it IS unnecessary
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57 trinitro 3688 Mon Jun 09, 2008 11:57 pm
Keith_McClary View latest post
No new posts Seeing Things Backwards!
3 DoctorEmu 572 Mon Jun 09, 2008 5:59 pm
Cashmere View latest post
No new posts South America forms South American Union
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28 Cid_Yama 1958 Sun Jun 08, 2008 11:49 am
eXpat View latest post
No new posts Russian gas monopolies could turn back on Europe
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58 Cid_Yama 3398 Fri Jun 06, 2008 12:38 pm
Nickel View latest post
No new posts How safe are oil plays in Iraq and Pakistan?
3 Denny 401 Fri Jun 06, 2008 7:12 am
ROCKMAN View latest post
No new posts The Coming Energy Wars
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16 Cid_Yama 1340 Wed Jun 04, 2008 5:52 pm
yeahbut View latest post
No new posts WAR! for oil in Sudan between USA and China?
9 M_B_S 913 Wed Jun 04, 2008 4:10 pm
mos6507 View latest post
No new posts Lebanon seeks closer ties with Syria
0 Cid_Yama 279 Mon Jun 02, 2008 12:15 am
Cid_Yama View latest post
No new posts Iran and Syria sign missile pact
0 Cid_Yama 310 Mon Jun 02, 2008 12:04 am
Cid_Yama View latest post
No new posts Bolivia: Autonomy votes tomorrow, violence expected
1 Cid_Yama 323 Sat May 31, 2008 8:27 pm
americandream View latest post
No new posts Iran, Syria Sign New Defense Agreement
0 Cid_Yama 327 Wed May 28, 2008 4:21 pm
Cid_Yama View latest post
No new posts Israel proposes naval blockade of Iran
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38 Cid_Yama 2291 Mon May 26, 2008 9:41 am
Nickel View latest post
No new posts Israel Says Iran Will Be Destroyed If Attacked
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40 Cid_Yama 3452 Sun May 25, 2008 2:10 pm
municipal View latest post
No new posts Interesting profile on the "other" president:
2 pana_burda 535 Sat May 24, 2008 2:06 pm
pana_burda View latest post
No new posts Russian bombers fly over Alaska again
11 Nickel 975 Thu May 22, 2008 8:14 am
Nickel View latest post
No new posts Chavez says Colombia seeks war with Venezuela
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42 Cid_Yama 1902 Tue May 20, 2008 3:13 pm
threadbear View latest post
No new posts Lebanon falls to Hezbollah
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120 Cid_Yama 4604 Tue May 20, 2008 11:25 am
Nickel View latest post
No new posts [ Poll ] Which country will USA attack in the next 12 months?
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19 RSB 1769 Tue May 20, 2008 9:37 am
Nickel View latest post
No new posts Nigeria: MEND Threatens to Blow Up More Oil Pipelines
0 Cid_Yama 335 Mon May 19, 2008 4:10 pm
Cid_Yama View latest post
No new posts Venezuela says US violated airspace
0 Cid_Yama 390 Mon May 19, 2008 3:19 pm
Cid_Yama View latest post
No new posts al-Maliki backs down - Fighting ends in Sadr City
6 Cid_Yama 664 Mon May 19, 2008 11:18 am
Taghayee View latest post
No new posts Attack Could Send Oil to $500
8 Cid_Yama 984 Sun May 18, 2008 10:49 pm
roccman View latest post
No new posts Pirates attack oil tanker off Somalia
3 Cid_Yama 780 Sat May 17, 2008 6:31 pm
RSB View latest post
No new posts Is Iran Playing the Oil Card? If so, why?
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26 seahorse 2136 Sat May 17, 2008 7:29 am
TheDude View latest post
No new posts Georgia-Russian Conflict Looms
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70 Cid_Yama 3546 Fri May 16, 2008 4:02 pm
btu2012 View latest post
No new posts Venezuela threatens war over US base plans in Colombia
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31 Cid_Yama 1736 Fri May 16, 2008 1:14 pm
pana_burda View latest post
No new posts estimate of maximum oil price
3 diemos 737 Fri May 16, 2008 11:00 am
Rage View latest post
No new posts Recreated 4th Fleet to 'handle' Latin America
4 Cid_Yama 561 Fri May 16, 2008 10:29 am
Nickel View latest post
No new posts Amazon tribes gather to fight hydroelectric dams
0 Cid_Yama 283 Tue May 13, 2008 5:37 pm
Cid_Yama View latest post
No new posts Zionism' Goal - Make Everybody Afraid Like Us
13 Cashmere 1016 Sat May 10, 2008 9:01 pm
btu2012 View latest post
No new posts GregPalast Venezuala Oil 5 Times Larger Than Sadi Arabia
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22 BILL_THA_PHARMACIZT 3444 Sat May 10, 2008 6:52 pm
pana_burda View latest post
No new posts US Joint Chiefs Chairman preparing military options on Iran
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73 seahorse 4015 Thu May 08, 2008 8:53 pm
BigTex View latest post
No new posts Major step to another oil seeking war.
3 pana_burda 880 Thu May 08, 2008 12:20 pm
Mquinon3 View latest post
No new posts Bolivia's Kosovo
8 Cid_Yama 834 Thu May 08, 2008 10:38 am
pana_burda View latest post
No new posts The Nuclear Option
13 TheDude 993 Thu May 08, 2008 9:25 am
RedStateGreen View latest post
No new posts Georgia prepares "armed action" against Abkhazia
8 Cid_Yama 904 Wed May 07, 2008 8:39 pm
Cid_Yama View latest post
No new posts Russia adjusts military plans to secure interests in Arctic
0 Cid_Yama 423 Wed May 07, 2008 12:33 am
Cid_Yama View latest post
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