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.
Joined: Jun 14, 2007 Posts: 119 Location: SE Qld Australia
Posted: Mon Jun 09, 2008 7:25 am Post subject: Australian community spirit is still going
Here in Australia, families and pensioners are feeling the pinch of the rising cost of living. A large number of low income pensioners can't make ends meet.
The Australian public finally started discussing this in the mainstream media. Someone put forward the idea of the community of helping the elderly financially if the government won't.
As an State Emergency Services volunteer I have found his most heartening.
I also know full well that this is the beginning and the vast bulk of the Australian population has no idea what peak oil is or what it means. What I took from all this is that the community spirit is alive and well. We are prone to help each other in an emergency. We have a history of doing this. Complete strangers giving each other help.
When peak oil hits for real, I hope a small portion of this spirit survives and we face the inevitable together. I know this is early days but I thought this was a positive sign for how the Aussie public will meet SHTF.
Dr Bang _________________ For every question , there is a lie. For every lie, there is a truth. For every truth, there is a way. And for every way, there is a time. This is the time.
Posted: Tue Jun 10, 2008 9:00 am Post subject: Re: Australian community spirit is still going
It's good to see people not looking to the government to provide charity, but by doing it themselves, I think there is hope for Australia. The government is the worse at providing help, it is much more effective for private volunteers, private charities and private charitable giving and more sustainable, although I wouldn't be surprised the government seeing the community doing a good job, the government would probably want to intervene and provide the services. _________________
Man's like a candle in a candlestick,
Made up of tallow and a little wick;
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