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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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Military cracks down on scrap-metal scavengers
Consumption; Demand; Pricesvox_mundi writes:

TWENTYNINE PALMS, Calif. - Hundreds of Marines were conducting a combat training mission in the Mojave Desert when an air patrol spotted something kicking up dust: A civilian pickup truck speeding across the barren landscape.

... "This is not just some petty crime. This is dangerous business," said Andy Chatelin, director of range management at Twentynine Palms, which at 932 square miles is the world's largest Marine Corps base.


Illegal scavenging of military munitions has long been an issue at military bases. But as metal prices have climbed in the past two years, scavengers have become more numerous, more audacious and more sophisticated.

After he was spotted by troops last December, the pickup truck driver barreled directly at a Marine, who fired five shots at the vehicle. The driver swerved, flipped over and spilled hundreds of dollars in collected metal.

... The Pentagon estimates up to 10 percent of all ordnance such as bombs, missiles and grenades fails to explode on impact. Some of it is left behind in training areas.

In May 2007, two suspected scrappers removed a Vietnam-era missile from the Twentynine Palms base. It later exploded in their Barstow home, killing both men and destroying the apartment. Earlier this year, two workers were injured at a Raleigh, N.C., recycling plant when ordnance suspected of coming from nearby Fort Bragg exploded.

AP

Posted on Tuesday, May 13 @ 14:09:47 PDT by Leanan
 
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