Welcome to the 'New Somerset and Dorset Railway'
Tuesday, January 18, 2011
beginning of the end?
Fuel prices seem to be hitting the news again, in amongst all the other reports of price rises.
The tanker drivers are whimpering, reminding us of nothing more than the coal miners in the 80s, haulage companies are whining about their costs, regular car drivers are moaning about the price of fuel. Anyone would think it was expensive! It isn't. It will never be this cheap again.
An amazing statement today, and I haven't made this up, was 'Drivers will ALWAYS pay whatever price is asked for fuel, even ten pounds a gallon!' There's an implication that ten pounds a gallon is some incredibly distant, almost unfeasibly high price that we won't see in our lifetimes. Really? The very use of 'gallon' suggests some old dinosaur fart, looking back to some nostalgic past where petrol was, for example, £1.98.7 per gallon. Well £10 per gallon equates to about £2.22 a litre. Some pundits are already expecting it to hit £1.50 per litre THIS summer, with crude oil reaching $100-$200 per barrel within a year or so. That price of £2.22 per litre will soon seem cheap.
But of course it won't only be the cost of petrol that's a factor, but its availability. And that will be the real crunch. A mix of high prices, crumbling roads and uncertainty of supply will drive almost all drivers off the road. And that's when rail will be the obvious answer to EVERYONE, not just those of us that are forward-thinking. Opportunity will knock far sooner than most of us expect.