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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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Energy policy a contradiction in Bolivia
Public Policy; Political and Legal News

President Evo Morales warned of an undocumented dark conspiracy last month against him by the natural-gas industry, only days after taking office, and has also called for ``nationalizing'' the foreign-owned operations.

Yet Morales and other senior government officials have welcomed more foreign investment in Bolivia's natural-gas industry and indeed want to use tax dollars generated by increased gas production to finance an ambitious program of new schools, health clinics and natural-gas connections to the homes of poor people.



Duluth News Tribune

Posted on Friday, March 31 @ 01:35:37 PST by waegari
 
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Most read story about Public Policy; Political and Legal News:
ARE We Out of Gas Yet?

 
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