Re: Serious oil price problems from 2012
Excellent graph thanks!
So it seems that transportation is the primary place to find room for improvement. How much is air travel of this? I ask because all the talk of "bullet trains, etc" would have some impact on air travel. Are there big efficiency gains by replacing some air miles with fast train miles? I remember talking to a RR executive years ago who was hired as a consultant to do a feasibility study on this. His conclusion was that it would not pay. Of course that was at least 10 years ago. Oil prices are higher.
Excellent graph thanks!
So it seems that transportation is the primary place to find room for improvement. How much is air travel of this? I ask because all the talk of "bullet trains, etc" would have some impact on air travel. Are there big efficiency gains by replacing some air miles with fast train miles? I remember talking to a RR executive years ago who was hired as a consultant to do a feasibility study on this. His conclusion was that it would not pay. Of course that was at least 10 years ago. Oil prices are higher.
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