Jul
22nd
Tue
22nd
More great news on high gas prices
Image via Wikipedia
The benefits of expensive oil are continuing to come out. Ridership on Amtrack’s Portland to Boston “Downeaster” line is up 28%. This is the largest gain they have ever had in ridership.
Not only is the train more efficient transport but increased ridership takes cars off of the street, decreasing traffic and increasing overall efficiency of the transport network.
I fear that gas prices will either stabilize (a long period of stabilization will make the bite of today’s prices feel normal) or even go down in price before real alternative fuel policy is put in place.
Americans have a historically short memory when it comes to energy policy, more bad news on oil prices will be good news overall in my book.