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181 comments on OPEC Declines and the World Plateau

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Leanan on May 3, 2006 - 2:07pm

The American Heritage Dictionary defines hoard this way:

A hidden fund or supply stored for future use; a cache. Or To keep hidden or private.

It's not really hidden, so you could argue it's not a hoard. OTOH, it certainly is "private," in that not just anyone can use it.

Personally, I don't see anything wrong with hoarding. As long as it's not carried to extremes, anyway.

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odograph on May 3, 2006 - 5:03pm

everone hoards. the spr is a hoard on a large scale. keeping the car above 1/2 tank as "preparation" is hording on a small scale. iirc, one of the factors in the 70's shortages was that everyone tried to get their cars up to F (full) at once. 200 million cars, and say 10 gallons per car, that's a sudden (fear fueled) 2 billion gallon blip in quantity demanded.

i think politicos try to argue against that kind of small sacle hoarding, and set as "bad" buying extra containers & etc.

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