And here Ohio sits more vulnerable than ever..... No intercity passenger rail in the 3C, no high-speed rail to Chicago or the East Coast, and transit systems that are grossly underfunded. As scary as this is, the predicted shortages after 2012 are even scarier.....
If Libyan unrest spreads, gas could reach $5
By Gary Strauss, USA TODAY
Updated 7h 54m ago
If political unrest in Libya spreads to other oil-rich countries and the ensuing chaos disrupts crude oil production, gas prices could hit $5 a gallon by peak summer driving season, industry analysts say.
Benchmark crude oil prices soared Monday, rising about 6% to $95.39 a barrel for April contracts on the New York Mercantile Exchange as violence and a military crackdown spread in Libya, the first major oil-producer hit by a burgeoning anti-government movement. The increased violence prompted BP and Norway's Statoil to pull oil workers from the country.
"If this thing escalates and there's a good chance that there'd be a shift in supplies, $5 gas isn't out of the question," says Darin Newsom, senior analyst at energy tracker DTN.
Full story at: http://www.usatoday.com/money/industries/energy/2011-02-22-1Alibyagas22_ST_N.htm#
By Gary Strauss, USA TODAY
Updated 7h 54m ago
If political unrest in Libya spreads to other oil-rich countries and the ensuing chaos disrupts crude oil production, gas prices could hit $5 a gallon by peak summer driving season, industry analysts say.
Benchmark crude oil prices soared Monday, rising about 6% to $95.39 a barrel for April contracts on the New York Mercantile Exchange as violence and a military crackdown spread in Libya, the first major oil-producer hit by a burgeoning anti-government movement. The increased violence prompted BP and Norway's Statoil to pull oil workers from the country.
"If this thing escalates and there's a good chance that there'd be a shift in supplies, $5 gas isn't out of the question," says Darin Newsom, senior analyst at energy tracker DTN.
Full story at: http://www.usatoday.com/money/industries/energy/2011-02-22-1Alibyagas22_ST_N.htm#
__________________
Ken Prendergast
Executive Director
All Aboard Ohio
12029 Clifton Blvd., Suite 505
Cleveland, OH 44107
(216) 288-4883
kenprendergast@allaboardohio.org
www.allaboardohio.org
Executive Director
All Aboard Ohio
12029 Clifton Blvd., Suite 505
Cleveland, OH 44107
(216) 288-4883
kenprendergast@allaboardohio.org
www.allaboardohio.org
