Railroads have gone to great lengths to prevent crude oil accidents. But if crude oil from American oil fields is to be transported with even greater levels of safety, it's time for a major upgrade to the crude tank car fleet.
China has now stepped in and finalized a new gargantuan effort to modernize the transportation system of Thailand. One line will stretch from the border of the Nong Khai province to the Rayong province, and the other will connect the center of Thailand with Bangkok.
A who's who of international economy watchers are imploring Washington to do what it hasn't done in nearly a decade: Pass a long-term, large-scale infrastructure plan. And while I wholeheartedly agree with the sentiment, I think it could be presented in a less abstract fashion.
In his book Ghost Train through the Andes, author Michael Jacobs tells of how Bolivia's then-president, Aniceto Arce, saw a modern transport network as the key to his country's prosperity, transforming Bolivia into a 'land of the future'.