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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 Oil Mini-Summit at San Francisco Green Festival
Enviromental Headlines; Climate Changebart writes: The Green Festival (San Francisco, Nov 6 & 7) will host an unofficial peak oil mini-summit with Peter Camejo, Richard Heinberg, and Julian Darley.

Also congregating at the Post-Carbon booth will be Jan Lundberg, Julian Darley, Kirstin Miller, Matt Savinar, and Ron Cooke.

Post-Carbon Institute
Posted on Friday, October 29 @ 02:37:01 PDT by aaron
 
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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: Peak Oil Mini-Summit at San Francisco Green Festival (Score: 1)
by savoyard46 on Wednesday, June 07 @ 14:31:52 PDT
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