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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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NZ: Smelter threatens closure over Govt's carbon scheme
Enviromental Headlines; Climate Changejakeemon writes: The owners of the Tiwai Point aluminium smelter near Invercargill are threatening to close – which would put thousands of Kiwis out of work – and they are blaming the Government's costly carbon emissions trading scheme.

The Asia Pacific head of owners Rio Tinto flew from Europe to Parliament today – to tell MPs if the bill is passed in its current form, the company will start the "path to closure".

TV3

Posted on Monday, May 12 @ 05:40:30 PDT by waegari
 
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Most read story about Enviromental Headlines; Climate Change:
The Natural Gas Crisis: Greens Engineer Another Disaster

 
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