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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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Global Warming: How Hot, How Soon?
Enviromental Headlines; Climate ChangeA broad scientific census says that Earth is already experiencing significant global warming. So how hot will it get, how soon, and to what effect?

Some climate scientists warn that the pace of global warming could be much more rapid than that predicted even a few years ago.

"Any time you get into projections, you get into a lot of uncertainties. But the [climate] models are getting a lot stronger," said Jay Gulledge, a senior research at the Pew Center on Global Climate Change in Arlington, Virginia.

National Geographic

Posted on Friday, July 29 @ 15:41:37 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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