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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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People blamed for water woes in West
Enviromental Headlines; Climate ChangeGuest writes:

WASHINGTON - Human activity such as driving and powering air conditioners is responsible for up to 60 percent of changes contributing to dwindling water supplies in the arid and growing West, a new study finds.

Those changes are likely to accelerate, says the study published Thursday in Science magazine, portending "a coming crisis in water supply for the western United States."


The study is likely to add to urgent calls for action already coming from Western states competing for the precious resource to irrigate farms and quench the thirst of growing populations. Devastating wildfires, avalanches and drought have also underscored the need.

Researchers led by climate expert Tim P. Barnett at the Scripps Institution of Oceanography at the University of California, San Diego, studied climate changes in the West between 1950-1999. They noted that winter precipitation falls increasingly as rain rather than snow, snow melts faster, river flows decrease in summer months, and overall warming is exacerbating dry summer conditions.

AP

Posted on Thursday, January 31 @ 16:09:42 PST by Leanan
 
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Most read story about Enviromental Headlines; Climate Change:
The Natural Gas Crisis: Greens Engineer Another Disaster

 
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