34 comments on On practical solutions
Comments can no longer be added to this story.
| Show without comments | PDF version
34 comments on On practical solutions
Comments can no longer be added to this story.
| Show without comments | PDF version
Search The Oil Drum with Google
Support The Oil Drum
Recently on TOD:World
TOD:Campfire
TOD:Europe
- Carbon Capture and Storage
- Oilwatch Monthly November 2009
- Some predictions on the forthcoming Russian-Ukrainian gas 'crisis'
TOD:Canada
- In this house, we obey the laws of thermodynamics!
- The Round-Up: October 24, 2008
- Compressed Air Energy Storage - How viable is it?
TOD:Australia/NZ
- International Energy Agency calls 'Peak' on OECD Oil Demand
- Australian Senate: Peak Oil motion defeated 31:6
- The Bullroarer - Friday 20th November 2009
TOD:Net Energy
Blogroll
Energy Sites
- The Coming Global Oil Crisis
- Die Off
- Dry Dipstick
- Energy Bulletin
- From the Wilderness
- Life After the Oil Crash
- Peak Oil Crisis
- Peak Oil News and Message Boards
- Powerswitch
- Rigzone
- Matthew Simmons
- Wolf at the Door
Environment & Sustainability Sites
- The Daily Green
- EcoGeek
- Eco Street
- Green Car Congress
- Green Options
- green.alltop.com
- Gristmill
- RealClimate
- Sustainablog
- Treehugger
- WorldChanging
Blogs
- Casaubon's Book
- Cleantech Blog
- Clusterf
k Nation (Jim Kunstler) - The Cost of Energy
- David Strahan
- Early Warning
- The Energy Blog
- European Tribune
- GraphOilology
- Health After Oil
- jeffvail.net
- Mobjectivist
- Peak Energy (Australia)
- Peak Energy (USA)
- R-Squared
- Resource Insights
Finance & Economics Blogs
- The Big Picture
- Calculated Risk
- The Crash Course
- Ecological Economics
- Econbrowser
- Environmental Economics
- Infectious Greed
- The Mess That Greenspan Made
- Mish's Global Economic Trend Analysis
Organizations
Peak Oil Primers
Beware email scams!
Beware email scams claiming to be from this site. We do not have any job openings. If anyone contacts you about a job at The Oil Drum, do not reply to them, and definitely do not give them any personal information or send them money. Read more here.
“Every time I see an adult on a bicycle, I no longer despair for the future of the human race.”
—H. G. Wells, 1904
User login
Contact
- Content: editors at theoildrum dot com
- Tech support: support at theoildrum dot com
Personnel
- Editors: Nate Hagens, Gail the Actuary, Prof. Goose
- DrumBeat Editor: Leanan
- Contributors: ace, Engineer-Poet, Heading Out, jeffvail, JoulesBurn, Sam Foucher, Robert Rapier
- TOD:Campfire: Glenn, Jason Bradford
- TOD:Europe: Chris Vernon, Euan Mearns, Francois Cellier, Jerome a Paris, Luís de Sousa, Rembrandt, Rune Likvern, Ugo Bardi
- TOD:Canada: benk, Libelle
- TOD:ANZ: Big Gav, Phil Hart, aeldric
- Emeritus: Stuart Staniford
- Technician: Super G
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.










GAIA Host Collective
Alas, however, this sort of measure, like much else to do with "conservation", is not overly scalable. Ultimately you also need supply of some sort, not just demand reduction. After all, if gas goes up again and your rescheduled day is already too long, what do you do for an encore?
The state government is not going to provide any more subsidy, so there will be higher fares as soon as the MTA can legally impose them.
Indeed, if high energy prices render enough Americans insolvent, there could be a sharp drop in consumer spending. High energy prices and increased credit risk will continue to exert upward pressure on long-term interest rates, with a likely deflation of the real estate bubble. Put these things together, and you have a major recession that will have an especially severe impact on the financial sector.
That will mean a decrease in tax revenues and therefore subsidies for the MTA and higher fares still for New Yorkers who will have less money to spend on them due to layoffs.
I think that a huge number of people are still convinced this is temporary. That it is a result of katrina, or oil companies gouging, or a bad phase of the moon, or whatever; but they are just trying to hang on "until things go back to normal."