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.
Author of High Noon for Natural Gas, Julian is an environmental philosopher who researches and writes about non-market and non-technology-based responses to global environmental degradation. Suggested policy responses are informed by a wide range of critical analyses from disparate disciplines, such as philosophy, cultural studies, sociology, ecology, music, governance, evolutionary psychology, and politics. He is also engaged in piloting such responses. Julian has an MSc in Environment and Sociology from University of Surrey, UK, which led to a published thesis examining the coverage of complex environmental issues in current affairs programmes at the BBC; an MA in Journalism and Communications from the University of Texas at Austin; and a BA in Music & Russian. Julian uses his wide range of skills from previous careers as laboratory scientist, musicologist, film-maker, language teacher, translator, software architect, and environmental policy advisor to further all of his work.
www.juliandarley.com _________________ "We shall not cease from exploration
And the end of all our exploring
Will be to arrive where we started
And know the place for the first time." - TS Eliot*
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