[lbo-talk] Peak Oil or Oil Bubble?

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Thu Apr 14 08:37:55 PDT 2005


Wojtek Sokolowski <sokol at jhu.edu> writes:


> increased gas cost will make public transit more
> attractive and promote new investments in that area.

Hah! CHECKPREDICTION

Public transit is not a "solution" to this issue. It's going to take something radical to change the current equation, and if the recent history is any guide, public transit is a slow, expensive way to try (usually unsuccessfully!) to change behavior. I'm all for more and better public transit, but you're sticking your head in the sand if you think that's what $5/gal gas is going to do.

/jordan



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