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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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Technology For Increasing Oil Production
Enviromental Headlines; Climate Change On today's edition of Canada's Business Report, host Robert Graham profiles an Edmonton-based company that's developed technology that it says can result in a marked increase in oil production.

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Posted on Wednesday, March 24 @ 01:36:05 PST by admin
 
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Most read story about Enviromental Headlines; Climate Change:
The Natural Gas Crisis: Greens Engineer Another Disaster
 
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