Comments on: County Board Mulls Pike Streetcar Design

By: xmxhgag@

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By: Bob

Bob — Thu, 20 Dec 2012 17:34:58 +0000

Mary-Austin, you must be a total joy be around.

By: Alex

Alex — Wed, 19 Dec 2012 19:57:36 +0000

While we’re pricing in the burning of fossil fuels, why not also price in the environmental and economic impact of the extraction of fossil fuels. Suffice to say prices would be a lot higher than they are currently, but the other side of that equation is that it costs oil companies about $30-40/bbl to extract oil, but it currently sells over over $80/bbl.

If we were to eliminate leveraged speculation in energy markets by participants that are not involved with extraction, refining, delivery or large scale consumption prices would settle much lower and perhaps that would afford us the opportunity to consider pricing in the damage fossil fuels cause during extraction and utilization.

Then, perhaps instead of subsidies we could try letting the energy companies fend for themselves (perish the though) and impose much, much harsher EPA regulations on the extraction, refining and consumption of fossil fuels domestically, and tariffs on imports that do not abide by those standards without having a significant impact on today’s prices.

This is all utopian dream talk, though. Just a thought experiment that would not materialize in today’s world dominated by corporate interests.

By: Josh S

Josh S — Wed, 19 Dec 2012 19:41:14 +0000

One also has to wonder what a gallon of gas would cost if all the negative externalities from burning fossil fuels were priced into the product.

By: Josh S

Josh S — Wed, 19 Dec 2012 19:36:26 +0000

Such a bad joke it’s funny. Menchies. Well done.

By: Josh S

Josh S — Wed, 19 Dec 2012 19:32:11 +0000

Sam, most US debt is also held domestically. In fact, about a third of it is owned by the federal government. So the government owes itself money.
Besides, those who own the debt very much want to be paid, so it is not in their interest to jeopardize the ability of the US to pay them back.

By: Safety First

Safety First — Wed, 19 Dec 2012 17:35:26 +0000

But.. but.. accidents involving vehicles kill four times more people than gun violence annually.

By: Terron Sims, II

Terron Sims, II — Wed, 19 Dec 2012 17:33:38 +0000

Though I have always been against the Columbia Pike Trolley (for may reasons), I had proposed that if the county were to build a trolley, it would best serve the entire county if it ran from the Ballston metro (down Glebe and Shirlington roads) to Shirlington; thus, connecting the county by rail. Glebe road is wide enough on both sides to where it can be expanded to enable the trolley to run down the middle of the road: i.e. New Orleans.

By: Sam Antonio

Sam Antonio — Wed, 19 Dec 2012 17:09:52 +0000

To be fair, Japan’s economy has been in the toilet for over twenty years, and it fell off the cliff after a massive real estate bubble. Most of their government debt is also held internally by savers and pension funds, rather than US debt which has a lot of foreign owners, like China, Japan, Saudi Arabia, etc. All it takes is those foreign owners to begin to sell and interest rates to rise for the government to be forced to contract.

Our ZIRP in this country costs savers $250B a year, only to support excessive government spending and bank speculation in various markets. Destruction of price discovery mechanisms for bonds and equities is not a productive solution to serious structural imbalances in the markets, nor is it a meaningful way out of massive government debt. The only purpose it is serving is allowing our government to spend and pretend for a bit longer under the guise of propping up the economy while asset prices are propped, but only temporarily.

By: Marty

Marty — Wed, 19 Dec 2012 16:54:30 +0000

I live just off the Pike. Appears the outbound streetcar rails would be located right over the water main that broke in two places yesterday.