Thread: Stagflation?
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The Gaijin The Gaijin is offline
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Join Date: Feb 2007
Location: New York, NY USA
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Quote:
Originally Posted by hytem View Post
It's all about the "surge" in energy prices. That affects everything that is transported by truck--which is most things these days. We are a petroleum intensive country--by design during the Eisenhower years. They dismantled all the railroad and public transportation system that was electric-powered--replaced by trucks, buses and airplanes.
I think that whole LA trolly story is a load of urban myth. LA had a much smaller population back in the day and it was less spread out. But then again, LA might be better off considering what it was like and what it has turned into. People love their cars. They even talk about them (and other stuff) on blogs..

There is still plenty or rail traffic in this country, including my subway.. Not to mention barge traffic and intercoastal shipping.

And since the last oil shock in the '70s - we use half as much oil per $ of GNP.

By design or not - with the rise in oil prices, we will use less of it. It just takes time..
Old 02-26-2008, 02:08 PM
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