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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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Pakistan advances clock to conserve energy
Public Policy; Political and Legal NewsIslamabad (IANS) Facing a huge energy deficit, Pakistan has drawn up a comprehensive plan for conserving power by advancing clocks by an hour and ordering markets to close by 9 p.m. from June 1. The adjustment in the Pakistan Standard Time (PST) would take it six hours ahead of GMT. Henceforth, sunrise in Islamabad will be at 6 a.m. instead of 5 a.m. and sunset at 8 p.m.

Pakistan, which faces an energy shortfall of 4,000 MW, has twice before attempted to introduce daylight saving time but has failed on both occasions, Dawn reported Thursday.


At a special meeting on the energy crisis held here Wednesday, the federal cabinet decided to call for international bids for generating 1,200 MW of electricity on a fast-track basis.

The country’s industrial zones will now observe off days on a rotation basis and air-conditioners in all government offices will be switched off between 8 a.m. and 11 a.m. Half of the street lights will remain switched off during the next three months.

The government will also import 10 million energy-saving bulbs.

Thaindian News

Posted on Thursday, May 15 @ 16:46:15 PDT by Leanan
 
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