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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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Coal May Shine Again
Geology; Reserves; Oil Fields“Coal supplies a major portion of the world's electricity and this will be true in many countries for at least the next 20 years,” says Stuart Dalton, director of fossil steam plants for EPRI, an energy research firm in Palo Alto, Calif.

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Posted on Sunday, May 30 @ 15:53:03 PDT by admin
 
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Re: Coal May Shine Again (Score: 1)
by bey95 on Wednesday, June 07 @ 03:09:53 PDT
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