In the United States, the rising bill for imported petroleum lowers already anemic consumer savings rates, adds to inflation, worsens the trade deficit, undermines the dollar and makes it more difficult for the Federal Reserve to balance its competing goals of fighting inflation and sustaining growth.I've always wondered what would happen if the road builders just retooled for trolley buses and light rail and the car companies started pumping out streetcars. I know that would never happen but it would be interesting. Perhaps alternative energy competitions and innovations are in order.
Wednesday, November 14, 2007
Electric Transit Anyone?
Money is going to our buddies in Venezuela, Russia and Iran because of our addiction. Is anyone going to stand up now for good electric transit, solar panels, wave power and so on? Well, maybe next year.