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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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Peak Sugar - Entropy Will Not Be Mocked
Hydrocarbon Alternatives...Looming peak oil spreading to other resources as we scramble to maintain our addiction...

A quick summary of my diary is thus:

- demand is skyrocketing, because of our need for energy, and oil-substitutes. An indirect sign of peak oil, if that was ever needed. And it's happening really, really quickly...

- production is already lagging behind demand, and the market is getting very tight, making it vulnerable to external shocks like hurricanes (heh, in Australia this time). Isn't it strange that this is happening at the very moment these external shocks seem to become more frequent?

It is really starting to look like we are getting to the end of a lot of things at the same time, as we switch from the most depleted to others, making the depletion of these catch up extra quickly. Of course, sugar itself cannot be "depleted", but the land used to grow it can, or can reach very real limits. The article suggests that Brazil's production is stagnating despite increased land use, due to unfavorable weather impact (in that case, droughts, but these seem to happen all too frequently, and what will it be the other years?)

DailyKos

Posted on Friday, March 31 @ 17:38:39 PST by Leanan
 
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