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.
Posted: Thu Apr 12, 2007 10:53 pm Post subject: International Energy Agency: World Energy Outlook
The annual World Energy Outlook is the leading source for medium to long-term energy market projections and analysis and has achieved widespread international recognition. It is the flagship publication of the International Energy Agency.
Joined: Apr 28, 2005 Posts: 3277 Location: West shore Lake Eire, MI, USA
Posted: Wed Jul 04, 2007 7:26 am Post subject: Re: International Energy Agency: World Energy Outlook
MonteQuest wrote:
The annual World Energy Outlook is the leading source for medium to long-term energy market projections and analysis and has achieved widespread international recognition. It is the flagship publication of the International Energy Agency.
Given the recent releases from the IEA which have been discussed on PO.com will there be an amended report showing the less optimistic scenario's? _________________ Oxygen: - An intensely habit-forming accumulative toxic substance. As little
as one breath is known to produce a life-long addiction to the gas, which addiction invariably ends in death.--Isaac Asimov
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