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.
Computer analyses of global climate have consistently overstated warming in Antarctica, concludes new research by scientists at the National Center for Atmospheric Research (NCAR) and Ohio State University. The study can help scientists improve computer models and determine if Earth's southernmost continent will warm significantly this century, a major research question because of Antarctica's potential impact on global sea-level rise.
"We can now compare computer simulations with observations of actual climate trends in Antarctica," says NCAR scientist Andrew Monaghan, the lead author of the study. "This is showing us that, over the past century, most of Antarctica has not undergone the fairly dramatic warming that has affected the rest of the globe. The challenges of studying climate in this remote environment make it difficult to say what the future holds for Antarctica's climate."
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