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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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Water shortages, global warming to hit grain supply
Enviromental Headlines; Climate Changestu writes: Water shortages and global warming will hit grain production and push up prices in the coming years, leading to unrest in countries unable to afford imports, the head of a leading think-tank said on Thursday.

Shortages of water due to rising population, added to the effects of global warming, will hit wheat, rice and maize supply, pushing up prices and leaving poor countries with no means to meet growing demand for food.

www.alertnet.org
Posted on Friday, January 28 @ 08:35:03 PST by aaron
 
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Re: Water shortages, global warming to hit grain supply (Score: 1)
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