$300 oil

If you think oil’s going to hit $300 a barrel, there’s apparently money to be made. And someone thinks that is a real possibility: Nymex statistics show that investors for the first time placed a small bet this week that West Texas Intermediate oil futures would hit $300 a barrel – more than double yesterday’s …

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It’s All About the Infrastructure Now

Matt Wald has a story in this morning’s New York Times that illustrates what increasingly seems like the core issue associated with the energy transformation now underway. Wald writes about a rapid rise in demand for Amtrak train tickets, which is turning out to be more cost-effective ways to get around. Market forces may have …

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elasticity

We’ve been trying at the newspaper to measure and explain the changes afoot as the price of energy soars. My colleague Lloyd Jojola had a great piece this morning looking at bus ridership, which has exploded: One commuter route has seen passenger loads more than double in the past couple months. ABQ Ride boardings surpassed …

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