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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 end of false progress (food and post-petroleum reality)

bart writes: "What will be the alternative to today's consumerism and fear of material insecurity? This essay looks toward the next mainstream culture: Life after petroleum-culture collapse. To help explain today's lack of preparation for fundamental change, we examine historical practices particularly in Europe. This installment focuses on the history of food production vis-à-vis political power and worldview." (Similar themes as in recent Peak Oil discussion forums)

Culture Change e-Letter #72 (Jan Lundberg)

Posted on Monday, August 30 @ 05:19:25 PDT by aaron

Most read story about Consumption; Demand; Prices:
Forget About Cheap Oil

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