Thursday, June 12, 2008

The cost of oil: implications for the Cayman Islands

Goldman Sachs analysts have predicted $200 per barrel oil by the end of the year. This would mean gas in the Cayman Islands approaching $8.00 per gallon.

I do very little driving in a four-cylinder vehicle and spend $100 per month, and can only imagine what it costs the family with numerous children, all active in numerous extracurricular activities.
The problem in the Cayman Islands is that we have no choice; we have to drive, we have no functional public transport system. Yes, we have a bus system composed of independent operators, but this is not a functional public transport system in the true sense of the word. More >>>