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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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Auto industry should speed fuel economy fixes
Consumption; Demand; PricesLOS ANGELES (Reuters) - While plug-in hybrids and hydrogen fuel cells are likely one day to help cut U.S. gasoline consumption, major fuel savings can be achieved now if automakers put existing technologies to work under one hood.

So says Jason Mark, clean vehicles director for the nonpartisan, nonprofit Union of Concerned Scientists, who toured the Los Angeles Auto Show on Wednesday pointing to conventional gasoline-fueled cars and trucks that employ some of the fuel-savings ideas.


While automakers use some of the ideas on some of their models, they don't use all of the ideas on all of their models, which Mark said could be done without difficulty and at minimal cost.

"The technology is here. It's a matter of putting all the pieces of the puzzle together," Mark said.

Reuters

Posted on Thursday, November 30 @ 09:29:40 PST by leanan
 
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