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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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Why isn't energy conservation a higher priority?
Public Policy; Political and Legal NewsMSNBC.com answers your questions on business, personal finance

With gas prices back on the rise this week, Susan in Florida is wondering why the government hasn't made energy conservation a higher priority. And a number of readers, like Mark in Wisconsin, have asked: why rebuild New Orleans when it's so vulnerable to flooding? (We thought that answer was obvious.)

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Posted on Friday, September 30 @ 06:25:32 PDT by Leanan
 
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ARE We Out of Gas Yet?

 
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Re: Why isn't energy conservation a higher priority? (Score: 1)
by Ancien_Opus on Friday, September 30 @ 07:45:22 PDT
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Mr Cheney said that "conservation may be a sign of personal virtue, but it is not a sufficient basis for a sound, comprehensive energy policy".



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