Post Carbon Fellow Anthony Perl was one of the contributors to this piece assessing the environmental benefits of hi-speed rail.
From the article:
Grid-connected traction offers the only realistic option for significantly reducing oil use in transportation over the next 10 years.
If such a shift does not begin during this decade, the risk of a global economic collapse and/or geo-political conflict over the world's remaining oil reserves would become dangerously elevated. Making a significant dent in transportation's oil addiction within 10 years is sooner than fuel cells, biofuels, battery-electric vehicles and other alternative energy technologies will be ready to deliver change.


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