I would add the lack of city planning as another major culprit -- which makes
public transit work poorly and requires long commutes.
Stephen E Philion wrote:
> NYT: March 26, 2000
>
> The Price of Oil
>
> Letters Index
> _________________________________________________________________
>
> To the Editor:
>
> As a former oil trader, I think there are several issues to consider
> about the currently high price of oil ("Clinton Calls for New Pool of
> Heating Oil for Northeast," news article, March 19).
>
> The tightness in the oil market is directly attributable to our
> country's lackluster research and development in alternative fuels and
> the improvement of vehicular fuel mileage, as well as lack of
> investment in our railroads. It is also a result of an aggressive
> foreign policy that has left important oil-producing countries like
> the former Soviet Union and Iraq in shambles.
>
> Storing large quantities of heating oil can create its own problems:
> it becomes very expensive in oil markets that are (like now) declining
> in future value by more than $1 per barrel per month. And there are
> chemical and stability issues that usually mandate a product
> changeover every few years.
>
> ERIC BRILL
> Bedford Hills, N.Y., March 19, 2000
> _________________________________________________________________
>
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--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax 530-898-5901
