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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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Adding up business and energy
Consumption; Demand; Pricesvox_mundi writes:

Can a profit-boosting approach save energy too?

Could a business practice usually reserved for boosting profits be used to help turn companies green by reducing their energy use? Writing in the International Journal of Six Sigma and Competitive Advantage (IJSSCA), researchers in India provide an answer.

According to mechanical engineer Prabhakar Kaushik of NC College of Engineering in Haryana, India, and colleagues, energy conservation should be at the forefront of company efforts. In a global economy with environmental pressures high on the agenda, organizations are under increasing pressure to control costs, maintain high levels of safety and quality, and save energy. Energy conservation, of course, offers the parallel advantages of helping to reduce costs, improving efficiency, as well as reducing the carbon footprint.


... The researchers tested their approach on the operations of a thermal power plant with the aim of conserving energy rather than simply boosting profits.

EurekAlert

Posted on Thursday, May 15 @ 13:16:57 PDT by Leanan
 
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