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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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Population growth is a threat. But it pales against the greed of the rich
Public Policy; Political and Legal NewsIt's easy to blame the poor for growing pressure on the world's resources. But still the wealthy west takes the lion's share

I cannot avoid the subject any longer. Almost every day I receive a clutch of emails about it, asking the same question. A frightening new report has just pushed it up the political agenda: for the first time the World Food Programme is struggling to find the supplies it needs for emergency famine relief. So why, like most environmentalists, won't I mention the p-word? According to its most vociferous proponents (Paul and Anne Ehrlich), population is "our number one environmental problem". But most greens will not discuss it.


Is this sensitivity or is it cowardice? Perhaps a bit of both. Population growth has always been politically charged, and always the fault of someone else. Seldom has the complaint been heard that "people like us are breeding too fast". For the prosperous clergyman Thomas Malthus, writing in 1798, the problem arose from the fecklessness of the labouring classes. Through the 19th and early 20th centuries, eugenicists warned that white people would be outbred. In rich nations in the 1970s the issue was over-emphasised, as it is the one environmental problem for which poor nations are largely to blame. But the question still needs to be answered. Is population really our number one environmental problem?

Guardian

Posted on Wednesday, January 30 @ 12:16:51 PST by Leanan
 
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Re: Population growth is a threat. But it pales against the greed of the rich (Score: 1)
by OilMagnate-Not on Wednesday, January 30 @ 20:57:06 PST
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If that population was all like the family across the street, Yes is the answer to your question.  They have two huge trucks that sound like trains due to after market muffler systems, and a third truck that's plently loud enough.  Add to those 3 trucks, a Harley, a speed boat, 4 ATV's, a special living quarters caravan to transport the ATV's behind one of the two monster trucks, and a huge RV.  The kids are vandals throwing eggs, paint balls, soda cans, fruit and rocks at neighboring homes, including ours.  They play heart pounding music and scream and yell instead of talking.  On Sunday's they go to church.  Who woulda thunk it!
Once China and India reach that same pinnacle of the American dream, we will be streaking through the last of the fossil fuels at breakneck speed.   Should be interesting to visit China or India after the transition.
 



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