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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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Most in U.S. say Congress short-sighted
Public Policy; Political and Legal NewsWASHINGTON - Americans are very worried about the long-term future of the country, and they don't think Congress is paying attention to big issues on the horizon, like Social Security and global warming, according to a survey released Friday.

The survey found 81 percent of respondents were very or somewhat worried about Social Security, and just as many were very or somewhat worried about energy issues. The findings were released by New York University's John Brademas Center for the Study of Congress.


"I was very surprised at the amount of interest in looking for long-term answers," said NYU professor Paul Light, who wrote the study. "What we found is there is tremendous demand for answers. They may not know exactly what to do but they're very, very worried."

The general sense of worry extends beyond the usual political debates, to mundane issues like highways. The poll found 50 percent were very or somewhat worried about repairing the nation's older roads and bridges.

AP

Posted on Saturday, September 30 @ 10:25:46 PDT by Leanan
 
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