Gas Pains! Where is the train?
Commentary, May 1st, 2006
By Noel Braymer, Editor, Western Rail Passenger Review — The answer in most cases is that the trains are full, at least during rush hours. The Department of Energy has announced that it expects gasoline prices to continue to rise during the peak summer driving season. This on top of already record breaking prices for fuel. The current run up on fuel prices is mostly a political rather than a technical problem. Many of the major oil producing counties are politically unstable. Greater political stability would greatly improve the current oil supply. American politicians have done little to reduce America’s dependence on oil or to develop alternatives. In the future if we continue to use oil faster than we can find new sources, it is only a matter of time before we experience serious shortages. But for now we can be sure that neither the oil companies nor oil producing countries are very upset over record profits.