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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=georgia,palatino size=3>It seems to me that there are three possible scenarios that would lead to rail electrification:</FONT></P><FONT size=3><FONT face=georgia,palatino> <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p></FONT></FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 39.75pt; TEXT-INDENT: -21.75pt; mso-list: l0 level1 lfo1; tab-stops: list 39.75pt"><FONT face=georgia,palatino><FONT size=3>1)</FONT><SPAN style="FONT: 7pt 'Times New Roman'">        </SPAN><FONT size=3>An increase of oil fuel cost.</FONT></FONT></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 39.75pt; TEXT-INDENT: -21.75pt; mso-list: l0 level1 lfo1; tab-stops: list 39.75pt"><FONT face=georgia,palatino><FONT size=3>2)</FONT><SPAN style="FONT: 7pt 'Times New Roman'">        </SPAN><FONT size=3>A nationalized effort to create a non-oil transportation system.</FONT></FONT></P> <P class=MsoNormal style="MARGIN: 0in 0in 0pt 39.75pt; TEXT-INDENT: -21.75pt; mso-list: l0 level1 lfo1; tab-stops: list 39.75pt"><FONT face=georgia,palatino><FONT size=3>3)</FONT><SPAN style="FONT: 7pt 'Times New Roman'">        </SPAN><FONT size=3>An increase of carbon cost.</FONT></FONT></P><FONT size=3><FONT face=georgia,palatino> <o:p></o:p></FONT></FONT><FONT size=3><FONT face=georgia,palatino> <o:p></o:p></FONT></FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=georgia,palatino size=3>I think the most likely is #3, which as a secondary effect, will cause #2 to come into play.</FONT></P><FONT size=3><FONT face=georgia,palatino> <o:p></o:p></FONT></FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face=georgia,palatino size=3>Today’s news seems to indicate a strong likelihood of #3.</FONT></P><FONT size=3><FONT face=georgia,palatino> <o:p></o:p></FONT></FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><A href="http://online.wsj.com/article/SB126003232518778287.html"><FONT face=georgia,palatino color=#800080 size=3>http://online.wsj.com/article/SB126003232518778287.html</FONT></A></P><FONT size=3><FONT face=georgia,palatino> <o:p></o:p></FONT></FONT><FONT size=3><FONT face=georgia,palatino> <o:p></o:p></FONT></FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><A href="http://trueslant.com/jeffmcmahon/2009/12/07/copenhagen-carbon-dioxide-endangerment-finding/"><FONT face=georgia,palatino color=#800080 size=3>http://trueslant.com/jeffmcmahon/2009/12/07/copenhagen-carbon-dioxide-endangerment-finding/</FONT></A></P><FONT size=3><FONT face=georgia,palatino> <o:p></o:p></FONT></FONT><FONT size=3><FONT face=georgia,palatino> <o:p></o:p></FONT></FONT> <P class=MsoNormal style="MARGIN: 0in 0in 0pt"><A href="http://cleantechnica.com/2009/12/06/epa-wields-timely-stick-ruling-co2-a-public-danger-before-copenhagen-climate-decision/"><FONT face=georgia,palatino color=#800080 size=3>http://cleantechnica.com/2009/12/06/epa-wields-timely-stick-ruling-co2-a-public-danger-before-copenhagen-climate-decision/</FONT></A></P><FONT size=3><FONT face=georgia,palatino> <o:p></o:p></FONT></FONT> <P mce_keep="true"><FONT face=georgia,palatino></FONT> </P>
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