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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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Climate demands rapid energy conversion, experts say
Public Policy; Political and Legal NewsA panel of energy experts called on industry and the U.S. government to rapidly embrace technologies that reduce greenhouse gas emissions, including renewable energy, energy efficiency and carbon sequestration. The Technology Review's Emerging Technologies Conference at the Massachusetts Institute of Technology on Thursday hosted a panel titled "Innovation and the Energy Crisis," where speakers cast global warming as an urgent problem. Growing energy demand, notably from developing nations such as India and China, coupled with climate change caused by global warming, have created a situation that requires both technology and new government policies, panelists said.


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Posted on Friday, September 29 @ 22:10:15 PDT by Waegari
 
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ARE We Out of Gas Yet?

 
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Enviromental Headlines; Climate ChangeHydrocarbon Alternatives

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