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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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The capitalist case for alternative energy
Hydrocarbon AlternativesThe history of capitalism suggests that a transition from today'spetroleum-based economy to a post-oil era is inevitable. What is the capitalist case for seriously planning for a post-petroleum economy now?


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Posted on Monday, July 31 @ 02:40:25 PDT by Waegari
 
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You can close the site now, energy problems are solved.
 
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Business News; Market Research

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