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.
long term ROE on hydro is fantastic, utilities and public love 'em.
However, they do have some problems:
1) Major environmental inmact
2) What about the NIMBYs who live where the "lake" is supposed to go?
3) Requires specific topology - you can't just put a dam anywhere, you need just the right kind of natural basin behind it.
Mostly due to #3 above, most of the prospective dam locations in the USA, and actually, the world, have been developed already.
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