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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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Ecological Footprints of Nations
Enviromental Headlines; Climate ChangeSummary: claims overuse of the earth's natural resources by 15%

Nonprofit group, Redefining Progress today released an update of the world's leading indicator of sustainability, the Ecological Footprint.

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Posted on Thursday, March 25 @ 04:04:16 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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