Goldman predicts $200/barrel gas

[w¡n9Nµ7 §£@¥€r 123]

Oil futures blasted to a new record over $122 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages. Retail gas prices edged lower, but appear poised to rise to new records of their own in coming weeks.

A new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years seemed to motivate much of Tuesday's buying.

http://biz.yahoo.com/ap/080506/oil_prices.html

[Dr. Obvious 49]

Let's see if my city still votes down larger public transport projects.

[w¡n9Nµ7 §£@¥€r 123]

Wacken, which city?

The NY/NJ area is putting a ton of cash into many large and small mass transit projects. There is tremendous support.

[Dr. Obvious 49]

Indianapolis.

[Heracles 417]

Indianapolis.

Hmm. I remember hearing someone say that they were removing rail in favor for bike paths there. If that is not the absolute dumbest thing I have ever heard of a city doing I don't know what is.

The suburban sprawl will never survive, with gas prices that high, without mass transit. The $1.19 per gallon days are over folks.

Investing in high speed rail and light rail is probably one of the best investments this country can make.

A new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years seemed to motivate much of Tuesday's buying.

I noticed an idiot with 30 day tags on a new expedition yesterday.

Edited May 6, 2008 by Boo-Yah!

[w¡n9Nµ7 §£@¥€r 123]

Indianapolis.

Hmm. I remember hearing someone say that they were removing rail in favor for bike paths there. If that is not the absolute dumbest thing I have ever heard of a city doing I don't know what is.

No kidding!

[Dr. Obvious 49]

Indianapolis.

Hmm. I remember hearing someone say that they were removing rail in favor for bike paths there. If that is not the absolute dumbest thing I have ever heard of a city doing I don't know what is.

The suburban sprawl will never survive, with gas prices that high, without mass transit. The $1.19 per gallon days are over folks.

Investing in high speed rail and light rail is probably one of the best investments this country can make.

Indianapolis is sprawl inhabited by people that think building a stadium is more important than how they can afford to get to work. I don't know how high gas will have to be before they really put significantly more money into public transport. No one loves their cars more than people do here, I think.

[Heracles 417]

There was a guy obtaining signatures about installing high speed rail and light right throughout Virginia outside our local post office. I was like sign me up. Heck I will even smelt the steel and lay the tracks myself.

[Heracles 417]

Indianapolis is sprawl inhabited by people that think building a stadium is more important than how they can afford to get to work. I don't know how high gas will have to be before they really put significantly more money into public transport. No one loves their cars more than people do here, I think.

And you know it's not about getting rid of cars. It's about freeing up the roads. It's about saving money and time during the week by using mass transit to get to/from work. Therefore giving you the freedom to drive wherever one pleases during the weekend etc.

Trains are also much more relaxing than having to battle the interstates.

[w¡n9Nµ7 §£@¥€r 123]

A good low cost option to rail is dedicated bus lanes. In a few highways in my area, they're tearing down the grassy medians and turning them into bus lanes... so busses can zip through while cars on both sides are stuck in traffic.

It doesn't even have to be seen as an alternative to rail... but rather as a complement.

[Trompe le Monde 1,107]

I am nodding my head and agreeing with everything BY says - what is happening to me?

[w¡n9Nµ7 §£@¥€r 123]

It's the end of the world as we know it......

[Ilya R. 0]

so when are we going to get those hydrogen highways in NJ like they have in Cali?

[Heracles 417]

This is what we need:

[Ban Hammer 13,352]

I am nodding my head and agreeing with everything BY says - what is happening to me?

a better question would be - who are you and what did you do with robin?