Americans love their cars, but the supply of oil is limited and will become increasingly expensive. The current patterns of transport and settlement cannot be sustained for more than a few decades. The domestic auto makers Ford, GM and Chrysler are faltering already. Should governments shift infrastructure investments to new modes of transport before the oil runs out?. Note that roads are a public subsidy to the auto industry. (A subsidy to domestic manufactures might be justified, but a subsidy to foreign manufactures is questionable.) Would investment in rail, for example, be a better long term investment of public funds? What will happen to suburban real estate as transport costs escalate?
2007-02-08
20:06:30
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5 answers
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