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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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Old Articles
Friday, July 18
· Bush’s Nixon-in-China Move – Iran as the “October Surprise”
· Airbus Tops Boeing at Air Show Rescued by Mideast, Asian Orders
· White House threatens to veto oil drilling legislation
· Crop residue may be too valuable to harvest for biofuels
· U.S. Fuel Use Drops Most in 17 Years in 1st Half 2008, API Says
· Crude oil at $250 per barrel?
· Looking for answers, a slight cough, and thoughts on Boone's plan
· Soaring inflation undermines sustainability of Persian Gulf region
· Of ‘myth’ of a shortage and Saudi capacity
· Holiday travel will get costlier
· India's Tata Power Seeks Overseas Coal Mines to Boost Supply
· Malaysia's MMC to build first Gulf coal power plant
Thursday, July 17
· Nations with vast oil wealth gaining clout
· IRL: Biofuels targets should be scrapped, says Labour
· Czechs dealing with Russian oil cutback
· France Looks to Biofuel to Solve Energy Woes
· France to test water near reactors after uranium leak
· Move Species Threatened by Warming, Scientists Advise
· Texas gives green light to lots more wind power
· Hydrogen future doable, experts tell Congress

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