The beginning of the end of autosprawl.
I sold my oil company stock at the right time! I predicted this would happen right about now.
This may be true. I believe this is true. But it still doesn't matter. As long as the oil is produced at a profit, the capex-to-barrell ratio is a background thing. Those who do not want this to be true will never admit it is true, those who believe this is true will be viewed as 'those who want to believe this is true' and you have two opposing talking heads. Nobody cares, these facts will not move the debate. If prices rise - and stay risen - then the debate will change. The question is how to position things so that Public Transportation and improved built infrastructure is front-and-center in the public's imagination when that time comes.
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