Thursday, 22 May 2008
Oil Prices Top $135 per Barrel
With much of the world bemoaning rising prices and much of the complaint being about the price of fuel, this is bad news indeed. But for the environment, surely, it's the best news. Certainly for those of us who avoid driving it means much less or does it?
Better or Worse?
Bus travel is not particularly cheap in this country. I pay £3.60 for a single 45 minute journey to Oxford! The issue is demand - the buses are full perhaps twice a day. Most of the rest of the day they have perhaps 5 paying customers per trip. The high prices are required to pay for a regular service which not many people use. Higher oil prices should push more people onto buses and reduce prices. Although, of course, the cost of running the service will increase too!
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