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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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International and Corporate Leaders Discuss Climate Change
Business News; Market ResearchThe Climate Group will host a briefing on the economics of climate change featuring Sir Nicholas Stern – head of UK Government Economic Service and former Chief Economist of The World Bank – followed by a discussion with a select group of prominent business leaders and members of the McKinsey Global Institute. The event is the first opportunity for U.S. business leaders to engage in a private briefing with Sir Nicholas, author of the Stern Review on the Economics of Climate Change.

The data presented in Carbon Down Profits Up demonstrates abundant economically attractive actions taken by companies across all economic sectors. Dow Chemical, for example, cut company CO2 emissions by 32 per cent between 1994 and 2005 saving $4 billion in the process. DuPont achieved a 60 per cent reduction in emissions and saved $3 billion in energy efficiency improvements alone.


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Posted on Friday, March 30 @ 23:53:07 PDT by Waegari
 
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Most read story about Business News; Market Research:
OPEC IS NO LONGER ABLE TO CONTAIN OIL PRICES

 
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Enviromental Headlines; Climate Change

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