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.
Here it is 60 minutes _________________ Resources exist to be consumed. And consumed they will be, if not by
this generation then by some future. By what right does this forgotten
future seek to deny us our birthright? None I say! Let us take what is
ours, chew and eat our fill.
Joined: Oct 23, 2005 Posts: 1553 Location: East of Eden
Posted: Mon Jun 25, 2007 9:02 pm Post subject: Re: Future shock RTE.ie
Looked pretty good, pretty realistic and not much pie in the sky. This is what we need to see on, as you perhaps inadvertantly suggested, 60 minutes. Or 20/20, MacNeil/Lehrer, etc. Despite the Ireland-centricity, it's a good primer to the topic. I'll be forwarding this to a few friends, in a last-ditch effort to show them I'm not just making this crap up... _________________ "If a path to the better there be, it begins with a full look at the worst." — Thomas Hardy
Posted: Tue Jun 26, 2007 11:23 am Post subject: Re: Future shock RTE.ie
coyote wrote:
Looked pretty good, pretty realistic and not much pie in the sky. This is what we need to see on, as you perhaps inadvertantly suggested, 60 minutes. Or 20/20, MacNeil/Lehrer, etc. Despite the Ireland-centricity, it's a good primer to the topic. I'll be forwarding this to a few friends, in a last-ditch effort to show them I'm not just making this crap up...
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