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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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UNFCCC Reports Greenhouse Gas Emissions Trending Upward; Transport a Key Problem
Enviromental Headlines; Climate ChangeThe secretariat of the United Nations Framework Convention on Climate Change (UNFCCC) today released new data showing an upward trend in greenhouse gas emissions of industrialized countries (Annex I parties to the UNFCCC) in the period 2000–2004.

At the United Nations Climate Change Conference - Nairobi 2006 (6 to 17 November), negotiations on the second commitment period of the Kyoto Protocol will continue, along with a dialogue on the future of the climate change process under the UNFCCC.


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Posted on Tuesday, October 31 @ 00:49:45 PST by Waegari
 
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Most read story about Enviromental Headlines; Climate Change:
The Natural Gas Crisis: Greens Engineer Another Disaster

 
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