Thursday, February 27, 2014

It's all about oil, #publictransit fares are for rationing, not revenue

People are protesting public transit fare hikes in Mexico, U.S., Argentina, Spain, and Brazil, just to name a few. It seems counter-intuitive that fares should be going up just when everyone is agreeing that we must reduce carbon emissions. What is going on?

Ironically, as oil runs out, the oil industry must pump as fast as it can. This is one of the annoying aspects of a competitive economic system. Oil companies cannot tolerate a drop in demand. Their fixed costs require them to maximize the flow.

The oil industry needs fares to go up to keep people from using public transit.

People jumping turnstiles are doing everyone else a favor. They are reducing oil use. They should be applauded, not harassed. Why let oil industry profits destroy the biosphere?

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