The Forum > Article Comments > The shale boom is just getting started > Comments
The shale boom is just getting started : Comments
By James Stafford, published 2/10/2013According to economist Tyler Cowen peak oil won't be an issue for at least 30 years.
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What is urgently needed is more public transport and active transport, to end subsidites to car commuters and increased tariffs on imported cars and turning Australian car production around to electric cars and petrol electric hybrids
This is simple economics. You subsidize something, people use more of it. Few who use the roads pay the full cost of their use — especially when you consider the costs of things such as urban pollution, depletion of oil reserves, global warming and focusing on road maintenance. Indeed, some parts of the road system are at breaking point now. The road foundation is so bad in parts that just laying new asphalt won’t work as the surface doesn’t last. As the surface gets rough, traffic slows and backups begin.
In the forseable future Australians will spend more time idling away in traffic. Congestion will continue to raise the cost of transporting goods. Costs to use this network will just go up and up. Thinking of it in this way, it signals a crisis for an old order and perhaps the birth of something new. But unlikely with new mob in Canberra