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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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Hot Enough For You? June-July Top The All-Time Charts
Enviromental Headlines; Climate ChangeThis will come as little consolation for anybody who has steadfastly sworn that the sticky summer of 2005 has been the hottest ever:

You're right.

With two days left in this month, it's shaping up as the hottest June-July recorded in several eastern cities, according to data compiled by the Northeast Regional Climate Center at Cornell University.

The statewide average in June was 69.5 degrees, a whopping 5.5 degrees warmer than normal.

"That's a very significant departure," said Keith Eggleston, regional climatologist with the climate center.

NYNewsday.com

Posted on Friday, July 29 @ 13:49:04 PDT by Carrie
 
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Most read story about Enviromental Headlines; Climate Change:
The Natural Gas Crisis: Greens Engineer Another Disaster

 
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