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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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Climate Scientists Issue Dire Warning
Enviromental Headlines; Climate ChangeThe Earth's temperature could rise under the impact of global warming to levels far higher than previously predicted, according to the United Nations' team of climate experts.

A draft of the next influential Intergovernmental Panel on Climate Change (IPCC) report will tell politicians that scientists are now unable to place a reliable upper limit on how quickly the atmosphere will warm as carbon dioxide levels increase. The report draws together research over the past five years and will be presented to national governments in April and made public next year. It raises the possibility of the Earth's temperature rising well above the ceiling quoted in earlier accounts.

The Guardian

Posted on Tuesday, February 28 @ 14:14:35 PST by Carrie
 
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Most read story about Enviromental Headlines; Climate Change:
The Natural Gas Crisis: Greens Engineer Another Disaster

 
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Re: Climate Scientists Issue Dire Warning (Score: 1)
by Kod on Tuesday, February 28 @ 17:44:56 PST
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That's ok. If it gets hotter we'll just turn up the AC.

errr...wait...



Re: Climate Scientists Issue Dire Warning (Score: 1)
by nethawk on Tuesday, February 28 @ 18:17:36 PST
(User Info | Send a Message) http://cbll.net
There's not much stopping it as China opens the equivalent of a new coal-fired power plant each week.

For All Chinese to use half the electricity that Americans do, they need to increase their electricity production by about 7 PWh/year. Yes that's PETAwatt hours, QUADRILLION watts. About 5 billion tons of coal per year. As oil peaks, China and other people wanting to save money would be inclined to start doing things such as turning coal into gas, diesel fuel, bunker fuel, and gasoline - further adding to CO2 emissions.

It's never going to happen. Peak Coal will get us if climate change doesn't get us first.



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