[jmecklenborg]

Originally Posted by Quixote

What your guys' current "emotional state" regarding the future of LA transit in light of declining ridership, the Blue Line debacle, the closure of two critical Expo Line stations this summer, cheaper gas prices, more people opting to take Uber/Lyft, the homeless issue, Metro's questionable decision-making, NIMBYs, LA's complex political structure, etc.? It's hard not to be a pessimist these days.

Gas prices can only go higher and Uber/Lyft will be penny stocks in three years.

Worries about the financial fragility of the fracking revolution have simmered for some time. John Hempton, who runs the Australia-based hedge fund Bronte Capital, recalls having debates with his partner as the boom was just getting going. “The oil and gas are real,” his partner would say. “Yes,” Hempton would respond, “but the economics don’t work.”

https://www.theguardian.com/news/201...ost-fell-apart