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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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Scientists Warn of Profound Changes in World's Oceans
Enviromental Headlines; Climate Changebillg writes:

BOSTON, Massachusetts, February 19, 2008 (ENS) - Climate change is transforming the world's oceans by increasing the temperature and acidity of seawater, and altering atmospheric and oceanic circulation, reported a panel of scientists this week at the American Association for the Advancement of Science, AAAS, annual meeting in Boston.

"The vastness of our oceans may have engendered a sense of complacency about potential impacts from global climate change," said Dr. Jane Lubchenco, a marine biologist at Oregon State University, who moderated the panel. "The world's oceans are undergoing profound physical, chemical and biological changes whose impacts are just beginning to be felt."


Panelist Gretchen Hofmann, a molecular physiologist at the University of California-Santa Barbara, describes the situation as "multiple jeopardy."

"Ocean ecosystems are facing new stresses and new combinations of stress," Hofmann said. "The water is warmer, circulation patterns are changing in unpredictable ways, and oceans are becoming acidic."

ENS

Posted on Wednesday, February 27 @ 12:04:11 PST by Leanan
 
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The Natural Gas Crisis: Greens Engineer Another Disaster

 
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