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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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Running Out of History
Enviromental Headlines; Climate ChangeGuest writes: A report from the Bureau of Meteorology in Australia makes clear that, despite recent heavy rains in the eastern Australian breadbasket, years of above normal rainfall would be needed "to remove the very long-term [water] deficits" in the region. The report then adds this ominous note: "The combination of record heat and widespread drought during the past five to 10 years over large parts of southern and eastern Australia is without historical precedent and is, at least partly, a result of climate change."

Think a bit about that phrase -- "without historical precedent."

When you really think about it, history is humanity. It's common enough to talk about some historical figure or failed experiment being swept into the "dustbin of history," but what if all history and that dustbin, too, go… well, where? What are we, really, without our records? Once we pass beyond them, beyond all the experience we've collected, written down, and archived since those first scratches went on clay tablets in the lands of the Tigris and Euphrates--now being stripped of their cultural patrimony -- at least two unanswerable questions arise. Once history has been left in the dust, where are we? -- and, who are we? If Hansen, McKibben, and other scientists are correct, can we stop just short of the cliff of the post-historical era?

The Nation

Posted on Thursday, May 15 @ 10:08:42 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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