Friday, May 29, 2009

Gas Creep

Don't pull your F650 out of storage just yet! An article from the most reputable new source in the world talks about how, despite the bad economy gas prices have had a solid recovery (for OPEC that is). Additionally, the future is looking bright as well (for OPEC). The USEIA(United States Energy Information Administration) has reported that it expects the prices to continue to increase as the economy gets back on its feet. The price per barrel is expected to reach $130 by 2030.

This is good for transit, bad for suburbia. I was worried that all the new hubbub about transit which took place around this time last year might be a shorter fad than slap bracelets or Zubaz (unless you live in Pittsburgh). Now however, it seems that my fears were nothing more than that.

After all the optimism in the U.S. when everyone was paying $2.00 a gallon and damn happy about it, it now seems that the recent spike in gas prices will continue for the foreseeable future. I don't need to sit here and tell you why getting your climate wrecking sprawl creating fossil fuel from an international cartel is bad.

Instead I will celebrate! Hopefully, this means that interest in transit will not wain. I say the sky's the limit, I can't wait for the day when we pay $5.00 a gallon! That would be the day when we would really see an honest effort put forth by the government and private industry to beef up our transit infrastructure and increase access to transit.

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