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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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The Guardian on human population
Public Policy; Political and Legal Newshumb writes: "And what that allows us to do is grow food, because our crop production is oil-powered; we rely hugely on fossil fuel to grow food, over huge areas of the world. The reason you and I can sit here having a lively intelligent conversation without having to worry where our lunch is going to come from is because modern farming uses fossil fuel to increase hugely the efficiency with which an individual farmer can produce food for thousands of people"



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Posted on Thursday, July 22 @ 13:12:45 PDT by aaron
 
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ARE We Out of Gas Yet?

 
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