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Politics : Peak Oil reality or Myth, of an out of Control System

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To: dvdw© who wrote (1118)	5/2/2014 9:55:02 PM
From: dvdw©	of 1580

interesting within the VTS of Capital From CarpeDiem: An interesting and revealing market-based measure of the relative attractiveness (and migration patterns) of the two states is to compare the cost of a one-way U-Haul truck going from California to Texas vs. the cost going in the other direction. To rent a 26-foot truck one-way, here are the current prices being quoted by U-Haul for June 18: Torrance, CA to Plano, TX: $2,626 Plano, TX to Torrance, CA: $1,264 Los Angeles, CA to Dallas, TX: $2,558 Dallas TX to Los Angeles: $1,232 Bottom Line: The cost of a one-way U-Haul truck leaving California for Texas is more than twice the cost to rent that same truck going from Texas to California, suggesting that there are twice as many trucks and people leaving California for Texas than vice-versa. Based on the huge difference in demand for one-way truck rentals, there is a premium of more than 100% for Californians to rent trucks going to Texas, and large discounts for trucks going in the opposite direction to California. U-Haul’s market-based pricing seems to confirm the California exodus to Texas of jobs, people and businesses like Toyota and Occidental.

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