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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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UK faces power cuts within three years, warn energy companies
Enviromental Headlines; Climate ChangeBy Tim Webb

27 February 2005

Britain's biggest energy companies and unions will issue their starkest warning yet to ministers this week about the consequences of the Government's flawed energy policy.

Senior industry figures will say that the country faces power cuts in three years unless the policy is overhauled.

The Independent
Posted on Monday, February 28 @ 22:03:42 PST by BabyPeanut
 
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Re: UK faces power cuts within three years, warn energy companies (Score: 1)
by GD on Tuesday, March 01 @ 03:04:46 PST
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Mr Simpson will call on the Government to support a new nuclear construction programme, after the decommissioning of Britain's nuclear reactors starts in 2008, by promising to meet some of the industry's future decommissioning liabilities.


My younger bro has recently started an apprentiship at a soon-to-be decommisioned plant. It seems there's quite a few coming offline in the years to come with no proposed replacements in the pipeline (yet).
There's talk of "the shit hitting the fan" coming from them also!



Re: UK faces power cuts within three years, warn energy companies (Score: 1)
by entirety94 on Friday, June 02 @ 11:18:32 PDT
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