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Impact of High Oil Prices on Freight Transportation: Modal Shift Potential in Five Corridors. Executive Summary.
| 题名： | Impact of High Oil Prices on Freight Transportation: Modal Shift Potential in Five Corridors. Executive Summary. |
| 关键词： | *Prices-; *Petroleum-products; *Freight-transportation; *Oil-.;Internaitonal-markets; Domestic-markets; Graphs-Charts; Transportation-corridors; Regional-transportation-impacts. |
| 摘要： | Recent hikes in the price of oil are significantly raising the cost of transportation - be it by truck, rail, or water - and are leading to major changes in U.S. transportation industries. From an environment of steady or falling oil prices in the 1980's and 1990's, the price of oil has recently increased to unprecedented high levels. According to various predictive models, oil prices could still range between a low of $60 to a high of $160 per barrel through 2020 (where oil prices represent importer refiner acquisition costs that are stated in constant 2008 dollars throughout this report, unless otherwise noted). The impact of higher oil prices on the economy is two-fold: One, higher oil prices have reduced consumption and the rate of economic growth in many countries, thereby slowing the world economy. As growth in demand for goods and services has slowed, so has trade and growth in demand for transportation services. Two, because the more expensive to move goods long distances, logistic chains are changing and earlier trends towards economic globalization are slowing or reversing. |
| 报告类型： | 科技报告 |
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