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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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Stories Archive

Peak Oil News: September 2005

ArticlescommentsreadsScoreDateActions
· Oil: A Bird's Eye View of Rita's Fury1123042005-09-30Printer Friendly Page Send this Story to a Friend
· Natural Gas Prices Set Record, Pointing to Costly Winter0122332005-09-30Printer Friendly Page Send this Story to a Friend
· The Airline Crisis Is About to Get Much Worse2162202005-09-30Printer Friendly Page Send this Story to a Friend
· Attack on Iran would rocket oil prices to $400 dollars.110044.52005-09-30Printer Friendly Page Send this Story to a Friend
· Sustainability of Supply?2150702005-09-30Printer Friendly Page Send this Story to a Friend
· Indonesian Students, Police Clash Over Gas161402005-09-30Printer Friendly Page Send this Story to a Friend
· The Oil Drum: A Conversation with Richard Heinberg1111102005-09-30Printer Friendly Page Send this Story to a Friend
· Why isn't energy conservation a higher priority?191642005-09-30Printer Friendly Page Send this Story to a Friend
· No easy fix for Rita-damaged oil works284702005-09-30Printer Friendly Page Send this Story to a Friend
· Zim's economic crisis drives it back into steam age3118952005-09-30Printer Friendly Page Send this Story to a Friend
· OPEC rejects UK's Brown comments on lacking transparency regarding reserves072102005-09-30Printer Friendly Page Send this Story to a Friend
· Marine Organisms Threatened By Increasingly Acidic Ocean161402005-09-30Printer Friendly Page Send this Story to a Friend
· India looks east for gas255002005-09-30Printer Friendly Page Send this Story to a Friend
· Asian nations for energy co-op, faster trade talks053502005-09-30Printer Friendly Page Send this Story to a Friend
· Renewables targets to be set at 20%062402005-09-30Printer Friendly Page Send this Story to a Friend
· Angola, Nigeria want aid for oil exploration deals051202005-09-30Printer Friendly Page Send this Story to a Friend
· Madagascar says to become oil producer in 3-4 years056902005-09-30Printer Friendly Page Send this Story to a Friend
· World Petroleum Congress calls investment in African oil, clean energy355302005-09-30Printer Friendly Page Send this Story to a Friend
· Oil tops South American summit agenda245202005-09-30Printer Friendly Page Send this Story to a Friend
· 'Military Only' Refinery Sought063102005-09-29Printer Friendly Page Send this Story to a Friend
· Indonesia police warn of anarchy over fuel rise255002005-09-29Printer Friendly Page Send this Story to a Friend
· All Gulf oil output shut down0131902005-09-29Printer Friendly Page Send this Story to a Friend
· Essential oil3110002005-09-29Printer Friendly Page Send this Story to a Friend
· The Oil Drum: When Does Hubbert Linearization Work?274142005-09-29Printer Friendly Page Send this Story to a Friend
· Katrina Pipeline Damage More Than First Thought1134002005-09-29Printer Friendly Page Send this Story to a Friend
· Project Delays 'Drive Up Price' of Oil27624.662005-09-29Printer Friendly Page Send this Story to a Friend
· Where gasoline's not so peachy066202005-09-29Printer Friendly Page Send this Story to a Friend
· Heating sticker shock coming076942005-09-29Printer Friendly Page Send this Story to a Friend
· Stay snug this winter296802005-09-29Printer Friendly Page Send this Story to a Friend
· Rita's aftermath buoys oil prices062602005-09-29Printer Friendly Page Send this Story to a Friend
· Oil crisis hits dairy prices184302005-09-29Printer Friendly Page Send this Story to a Friend
· Can Americans Eat Locally?176752005-09-29Printer Friendly Page Send this Story to a Friend
· We can do this the nice way ... or the nasty way1126002005-09-29Printer Friendly Page Send this Story to a Friend
· Saudi Arabia: A Whole New Drill3105032005-09-29Printer Friendly Page Send this Story to a Friend
· ASEAN, China, Japan, South Korea mull oil stockpile187002005-09-29Printer Friendly Page Send this Story to a Friend
· Rita wreaks havoc on oil rigs, platforms372202005-09-29Printer Friendly Page Send this Story to a Friend
· The Oil Drum: Demand Destruction Isn't Working Out So Well...178402005-09-29Printer Friendly Page Send this Story to a Friend
· Many reduce gasoline usage059302005-09-29Printer Friendly Page Send this Story to a Friend
· Fossil Fuels Set to Become Relics, Says Research Group474702005-09-29Printer Friendly Page Send this Story to a Friend
· British Energy calls on Blair to give nuclear go-ahead next year160002005-09-29Printer Friendly Page Send this Story to a Friend
· G7 communique urges greater energy conservation255202005-09-29Printer Friendly Page Send this Story to a Friend
· Gazprom to Buy Sibneft Stake for $13.01B046402005-09-29Printer Friendly Page Send this Story to a Friend
· Ethanol focus of oil deal: Australia170102005-09-29Printer Friendly Page Send this Story to a Friend
· Russia''s oil exports to outstrip production059002005-09-29Printer Friendly Page Send this Story to a Friend
· Oil prices - is the EU doing enough?146602005-09-29Printer Friendly Page Send this Story to a Friend
· Petrel targets Iraq oil fields after €163m contract241802005-09-29Printer Friendly Page Send this Story to a Friend
· DOE Releases Climate Change Plan043802005-09-29Printer Friendly Page Send this Story to a Friend
· Oil industry ‘underestimating’ future role of alternative energy sources154302005-09-28Printer Friendly Page Send this Story to a Friend
· Sasol in talks over US project155702005-09-28Printer Friendly Page Send this Story to a Friend
· New Biodiesel Requirement155402005-09-28Printer Friendly Page Send this Story to a Friend
· The Vicious Pincer: Jim Kunstler371302005-09-28Printer Friendly Page Send this Story to a Friend
· Saudi Storms06424.52005-09-28Printer Friendly Page Send this Story to a Friend
· Gulf Gas Outages Persist, Raising Concerns189202005-09-28Printer Friendly Page Send this Story to a Friend
· Annual Report on China's Petrochemical Industry, 2004-2005162302005-09-28Printer Friendly Page Send this Story to a Friend
· iraq: Special force tries to keep the oil wells pumping263702005-09-28Printer Friendly Page Send this Story to a Friend
· Katrina, Rita Could Supply 50,000 Megawatts of Renewable Energy781802005-09-28Printer Friendly Page Send this Story to a Friend
· Opec Plans to Build at Least 10 New Oil Refineries By 2011158502005-09-28Printer Friendly Page Send this Story to a Friend
· Plans to Test Promising CO2 Removal Technology053212005-09-28Printer Friendly Page Send this Story to a Friend
· White House Fears A Run On Petrol Supplies176502005-09-28Printer Friendly Page Send this Story to a Friend
· Smaller Cars Enjoy New Chic175502005-09-28Printer Friendly Page Send this Story to a Friend
· Arctic ice 'disappearing fast'062202005-09-28Printer Friendly Page Send this Story to a Friend
· Saudi Aramco expands its oil rig fleet by 100 per cent289852005-09-28Printer Friendly Page Send this Story to a Friend
· What politicians won't say about oil and energy0116102005-09-28Printer Friendly Page Send this Story to a Friend
· Indonesia braces for fuel protest178402005-09-28Printer Friendly Page Send this Story to a Friend
· The Oil Drum: Dueling Editors on al-Naimi377302005-09-28Printer Friendly Page Send this Story to a Friend
· White House Press Briefing: Save Energy! Turn Off Those Computers!193302005-09-28Printer Friendly Page Send this Story to a Friend
· Gas prices blamed for late credit card payments285142005-09-28Printer Friendly Page Send this Story to a Friend
· Where filling up an SUV costs $3272202005-09-28Printer Friendly Page Send this Story to a Friend
· Katrina, gas prices batter U.S. consumer confidence057402005-09-28Printer Friendly Page Send this Story to a Friend
· India eyes Africa's oil345742005-09-28Printer Friendly Page Send this Story to a Friend
· Oil to dampen German consumer mood in October351402005-09-28Printer Friendly Page Send this Story to a Friend
· Inflation a real threat as oil prices remain high: experts047702005-09-28Printer Friendly Page Send this Story to a Friend
· Former PM Proposes Australia as World's Nuclear Dump347402005-09-28Printer Friendly Page Send this Story to a Friend
· ''New Energy Movement'' Posts New Website043202005-09-28Printer Friendly Page Send this Story to a Friend
· S.Korea's energy efficiency worst among OECD members242202005-09-28Printer Friendly Page Send this Story to a Friend
· China ponders cost of energy-guzzling industries246702005-09-28Printer Friendly Page Send this Story to a Friend
· Africa's role in energy market growing042702005-09-28Printer Friendly Page Send this Story to a Friend
· Go easy on the Gas Bush tells US043702005-09-28Printer Friendly Page Send this Story to a Friend
· It’s cold turkey time055902005-09-28Printer Friendly Page Send this Story to a Friend
· EU outlines plans for aviation to cut greenhouse gases042402005-09-28Printer Friendly Page Send this Story to a Friend
· The Wake-Up Call: Storms emphasize faults in energy bill044302005-09-28Printer Friendly Page Send this Story to a Friend
· Crude production sags as Putin touts reserves055202005-09-28Printer Friendly Page Send this Story to a Friend
· Govt unfolds plan for N8.9 trillion oil, gas projects047002005-09-28Printer Friendly Page Send this Story to a Friend
· Saudi, Exxon Mobil officials say world has plenty of oil050802005-09-28Printer Friendly Page Send this Story to a Friend
· Natural Disasters: Top 10 U.S. Threats260902005-09-28Printer Friendly Page Send this Story to a Friend
· Fresh Fears of $100 a Barrel Oil060102005-09-28Printer Friendly Page Send this Story to a Friend
· Congress Asked to Provide More Funds for Renewable Energy042602005-09-28Printer Friendly Page Send this Story to a Friend
· Energy Future Coalition Official Outlines Strategy244702005-09-28Printer Friendly Page Send this Story to a Friend
· New Jersey Sues Three Oil Companies041402005-09-28Printer Friendly Page Send this Story to a Friend
· N-economy must begin now041302005-09-28Printer Friendly Page Send this Story to a Friend
· More mass transit riders amid high gas prices173902005-09-27Printer Friendly Page Send this Story to a Friend
· The Oil Drum: Peak Oil and Community Solutions II (Saturday)058002005-09-27Printer Friendly Page Send this Story to a Friend
· Gold Reserves May Have To Be Pledged For IOC Oil060302005-09-27Printer Friendly Page Send this Story to a Friend
· Is Oil Sands Production Losing Steam?380802005-09-27Printer Friendly Page Send this Story to a Friend
· Iran warns atomic opponents trade ties may suffer282802005-09-27Printer Friendly Page Send this Story to a Friend
· Fiscal Unsustainability061902005-09-27Printer Friendly Page Send this Story to a Friend
· Energy Prices, Hedge Funds & the Coming Energy Crisis173802005-09-27Printer Friendly Page Send this Story to a Friend
· ASPO-USA Denver World Oil Conference Nov 11-23, 2005152002005-09-27Printer Friendly Page Send this Story to a Friend
· EIA graph of GOM Shut-In Production Comparison: Ivan, Katrina, Rita045002005-09-27Printer Friendly Page Send this Story to a Friend
· Rita causes record damage to oil rigs1156852005-09-27Printer Friendly Page Send this Story to a Friend
· BARTLETT Transcript3269352005-09-27Printer Friendly Page Send this Story to a Friend
· Wholesale gasoline spikes after Rita180932005-09-27Printer Friendly Page Send this Story to a Friend
· Another Spike in Gas Prices057002005-09-27Printer Friendly Page Send this Story to a Friend
· Parents protest Georgia school closures155802005-09-27Printer Friendly Page Send this Story to a Friend
· Before the Oil Runs Out: How Will This Era End?273102005-09-27Printer Friendly Page Send this Story to a Friend
· Saudi Oil: A Slippery Future?076102005-09-27Printer Friendly Page Send this Story to a Friend
· Not to worry, there's plenty of oil573802005-09-27Printer Friendly Page Send this Story to a Friend
· The Oil Drum: Gasoline Stocks are way down...get ready to pay...288102005-09-27Printer Friendly Page Send this Story to a Friend
· New process for Colorado oil shale057502005-09-27Printer Friendly Page Send this Story to a Friend
· China wants a slice of the uranium cake284702005-09-27Printer Friendly Page Send this Story to a Friend
· Oil firms, gas stations accused of price gouging160302005-09-27Printer Friendly Page Send this Story to a Friend
· Opec must be open about reserves, Brown demands159902005-09-27Printer Friendly Page Send this Story to a Friend
· Oil and fuel prices staying high060402005-09-27Printer Friendly Page Send this Story to a Friend
· It's better to cry wolf now than to wait until the oil has run out298502005-09-27Printer Friendly Page Send this Story to a Friend
· Rita causes significant offshore damage0105502005-09-26Printer Friendly Page Send this Story to a Friend
· Urgent Request9202502005-09-26Printer Friendly Page Send this Story to a Friend
· The growing cost of growing wheat3110752005-09-26Printer Friendly Page Send this Story to a Friend
· Bush Tries to Reassure Public on High Petrol Prices075002005-09-26Printer Friendly Page Send this Story to a Friend
· Alternative Fuel? Try Hay279312005-09-26Printer Friendly Page Send this Story to a Friend
· 95 Oil Companies to Set Up New Database5139602005-09-26Printer Friendly Page Send this Story to a Friend
· Oil bubble set to burst?2176502005-09-26Printer Friendly Page Send this Story to a Friend
· Oil, gas companies go overseas to buy equipment that's often cheaper, safer067202005-09-26Printer Friendly Page Send this Story to a Friend
· The Oil Drum: The Community Solutions Conference I171302005-09-26Printer Friendly Page Send this Story to a Friend
· Economists see oil prices crimping growth055302005-09-26Printer Friendly Page Send this Story to a Friend
· Sibneft transfer deal puts Gazprom top of the table281702005-09-26Printer Friendly Page Send this Story to a Friend
· how I learned to love soaring energy prices185102005-09-26Printer Friendly Page Send this Story to a Friend
· 'Korea should invest in oil company stocks as hedge'0109902005-09-26Printer Friendly Page Send this Story to a Friend
· Food Security Worries Could Limit China Biofuels153802005-09-26Printer Friendly Page Send this Story to a Friend
· World Petroleum Congress opens156702005-09-26Printer Friendly Page Send this Story to a Friend
· G7: oil poses risk to global growth052202005-09-26Printer Friendly Page Send this Story to a Friend
· Team hopes to harness waste energy058502005-09-26Printer Friendly Page Send this Story to a Friend
· Big auto makers want Bush to act on energy062302005-09-26Printer Friendly Page Send this Story to a Friend
· No US pressure, energy ties with Iran intact: India159602005-09-26Printer Friendly Page Send this Story to a Friend
· The growing cost of growing wheat063002005-09-26Printer Friendly Page Send this Story to a Friend
· High prices not only at the pump153302005-09-26Printer Friendly Page Send this Story to a Friend
· Oil and Gas Technologies for the Energy Markets of the Future045202005-09-26Printer Friendly Page Send this Story to a Friend
· GO-AHEAD FOR GAS DEVELOPMENT045502005-09-26Printer Friendly Page Send this Story to a Friend
· Many Firms See Global Warming Affecting Their Business155702005-09-26Printer Friendly Page Send this Story to a Friend
· Russia to raise oil output by 3 % before the end of 2005047642005-09-26