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Should China's oil hoarding increase in tempo, a significant upside in the price of petroleum will become highly probable.
There are many others such as OPEC manipulation, crude oil hoarding by bank holding companies and oil traders, reckless judicial interpretation of sovereign immunity, thereby precluding antitrust legal proceedings in this country against the national oil companies of OPEC nations.
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Speculators, they say, drove the price away from its "fundamental" value; worse, a new breed of institutional investor has been buying oil futures, hoarding the supply.
Sadly they've been too busy hoarding oil or whatever it is they do to notice that.
For Shell, Exxon et al to hoard oil underground would be to leave billions of dollars of investment languishing unused.
It is true that high futures prices could lead someone to hoard oil today in the hope of a higher price tomorrow.
If they had somehow managed to push prices to unjustified heights, then demand would contract, leaving unsold pools of oil.The futures market does sometimes signal that prices are likely to rise, which might prompt speculators to hoard oil in anticipation.
The Sunni Arabs, who make up a fifth of the population, are generally wary of autonomy because they suspect that the Kurds and the Shiites will hoard oil wealth in their regions.
He is a politician who, if he gets the nomination, would stop being portrayed as the avuncular firebrand who grabs lefties by the heart and start being caricatured as the shouting socialist who wants to raise taxes on the middle class and thinks that we should lay out a welcome mat for Isis and let every other country hoard oil and nuclear weapons unchecked and did I mention that he'd raise taxes?
Presumably, both would hoard oil if they thought the crisis would deepen.
On Friday the release of 625 million rubles worth of bonds — bought by unnamed investors believed to be the Central Bank — was widely seen as little more than a virtual money printing scheme, allowing the oil giant to hoard export dollars and still meet a $10 million loan repayment due this month.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com