As much as we would like to do away with expensive electrical lines and maintenance that comes with them , they are a benefit. If you wanted to achieve speeds higher than 120mph you would need a special design train with special parts and engineering required to design special versus electric high speed trains which have a variety of manufacturers all over the world. Besides the goal is 205mph regular service is the goal here not 120-150mph Oil is also several times more expensive than then electricity, one of the reasons why I might add that rail transit is increasing in popularity. Sure electricity isn't inherently cheap but it free you from the rollercoaster that is the fuel market just ask freight rail what they think of oil prices. Not too happy about it. The gap further grows if electricity can be partially made in house through say solar panels which advancements will make them much cheaper in the future. Another advantage is regenerative breaking which allows energy to be sent back to the electrical grid. The advantages of electrification are just far too great not to use, atleast for the purpose of high speed trains. With high speed rail you might as well "go all the way" because HSR projects have high engineering requirements and cutting corners isn't wise. Just my .02