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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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Bosch Backs Tidal Power Project
Hydrocarbon Alternatives

Bosch Rexroth, the drive, control and linear motion specialty subsidiary of the Bosch Group, is working with UK firms Lunar Energy and Rotech on a prototype tidal turbine for a tidal power project to be tested this year off the Orkney Islands.

The prototype unit, designed to produce about 1MW of power, will be placed on the seabed off the Orkney Islands during Summer 2006.




greencarcongress
Posted on Sunday, April 30 @ 23:08:20 PDT by Waegari
 
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