Drumbeat: July 27, 2012

theoildrum.com 27 Jul '12, 1pm

Drumbeat: July 27, 2012

S - I also think the folks modeling high speed rail in CA have to depend on certain assumptions which may prove false. How much the system reduces GHG emissions will depend upon its utilization. They have to estimate how many folks will take advantage of the system and leave their ICE's at home. One important variable in that assumption is the ticket price. The best comparison of the worst case scenario is the Chunnel train between England and France. They had assumed a certain level of ridership which they actually did come close to. But not anywhere close to the ticket price they had predicted. Folks would take the train but not at the fares they had assumed. Essentially the fare income was insufficient to repay the bonds and cover maintenance costs. If I recall correctly they had to transfer perpetual ownership to the bond holders who would then continue to receive inte...

Full article: http://www.theoildrum.com/node/9374

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#oildr Drumbeat: July 27, 2012 #mlfeeds: The Age of Scarcity In both 2008 and 2011, agricultural prices rose in... [link]
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[oilbarrel] Drumbeat: July 27, 2012: The Age of Scarcity In both 2008 and 2011, agricultural prices rose in tan... [link]
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Drumbeat: July 27, 2012: The Age of Scarcity In both 2008 and 2011, agricultural prices rose in tandem with ene... [link]
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