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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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The Revolution Will Be Solarized
Hydrocarbon AlternativesBut Travis Bradford is no hippie idealist. The author of Solar Revolution: The Economic Transformation of the Global Energy Industry spent the early years of his career in corporate acquisitions and private equity funds -- not fields that reward irrational exuberance. His book is based on research and analyses done at his Massachusetts think tank, the Prometheus Institute for Sustainable Development, working from what he claims are conservative assumptions about market and capital trends.


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Posted on Thursday, November 30 @ 14:35:11 PST by Waegari
 
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You can close the site now, energy problems are solved.
 
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Re: The Revolution Will Be Solarized (Score: 1)
by grabby on Thursday, November 30 @ 23:29:10 PST
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EMP from pulsing nuques wotally wipe out all existing panels. there won't be any panels on the grid after the exchange.

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