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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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Britain could face winter gas shortages
Consumption; Demand; PricesBritain could face a repeat of last winter's gas shortages and soaring energy prices if a prolonged period of colder-than-average weather sets in this winter, independent analysts Global Insight said on Thursday.


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Posted on Thursday, November 30 @ 14:23:14 PST by Waegari
 
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Re: Britain could face winter gas shortages (Score: 1)
by billp on Thursday, November 30 @ 17:24:35 PST
(User Info | Send a Message) http://www.prosefights.org/
Coal's Possibilities
Reader comment November 30, 2006:

You fail to detail the increased cost of cleansed coal! Apparently 40 % or better of the power is lost in the cleansing. What will that do to the consumer? NG is pretty much history in about 5 years. Dave Graf



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