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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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My HomePage: http://www.cwbr22088.pwp.blueyonder.co.uk/
Location: UK
Occupation: Network Engineer
Interests: To many, cutting back !

Signature:
The roller coaster is still climbing, but it's near the top now !
Where there's a WAR there's a WAY :(
Actual User Status: Offline

Last 10 Comments by No-Oil:
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