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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: NOW who wrote (29677)5/9/2005 9:20:38 PM
From: mishedlo  Read Replies (1) of 116555
 
One of the answers for our oil problems....expand our f'n transportation system!!!

news.yahoo.com

If getting stuck in traffic makes you want to roll down your car window and scream, look no further than another of those studies to find the bad news: Gridlock is getting worse. Congestion delayed travelers 79 million more hours and wasted 69 million more gallons of fuel in 2003 than in 2002, the Texas Transportation Institute's 2005 Urban Mobility Report found.

Overall in 2003, there were 3.7 billion hours of travel delay and 2.3 billion gallons of wasted fuel for a total cost of more than $63 billion.

"Urban areas are not adding enough capacity, improving operations or managing demand well enough to keep congestion from growing," the report concluded.

Honolulu became the 51st city in which rush-hour traffic delayed the average motorist at least 20 hours a year. The Hawaiian capital joins such congested areas as Washington, Atlanta, Boston, Chicago — and Virginia Beach, Va., Omaha, Neb., and Colorado Springs, Colo.

The report was released Monday, the same day the Senate resumes debate on a bill that would spend $284 billion on highways over the next six years.
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