A Quote by Serge Schmemann
Parisians overwhelmingly buy small cars. And it's not because people are petite, but because fuel is drop-dead expensive. Gasoline costs more than twice as much in Paris as in New York.
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New York is a city where it's particularly hard to be poor, not only because everything costs twice as much as it does elsewhere but because over-the-top affluence is part of its identity.
Conoco will build a $75 million plant to see if a process to convert natural gas to liquid fuel is profitable. It has to be. In California, gasoline is so expensive that people are trying to run their cars on cocaine.
A lot of the reason I left New York, in addition to being so broke, was that I just felt I was becoming provincial in that way that only New Yorkers are. My points of reference were really insular. They were insular in that fantastic New York way, but they didn't go much beyond that. I didn't have any sense of class and geography, because the economy of New York is so specific. So I definitely had access and exposure to a huge variety of people that I wouldn't have had if I'd stayed in New York - much more so in Nebraska even than in L.A.
Renewable energy is not more expensive than fossil fuel when you factor in life-cycle costs.
New York was always more expensive than the other places, even when it was going bankrupt. In other words, in 1971, New York was expensive for someone with no money. For anyone.
Everybody in New York City knows there's way more cars than parking spaces. You see cars driving in New York all hours of the night. Its like musical chairs except everybody sat down around 1964.
if you want to be a little bit solitary and work very hard, you can do it more easily in New York than in a town like Paris or London. Because you depend so much for human relationships here on the phone. If you don't answer your phone, you are quite a lonely couple.
New York was always more expensive than any other place in the United States, but you could live in New York - and by New York, I mean Manhattan. Brooklyn was the borough of grandparents. We didn't live well. We lived in these horrible places. But you could live in New York. And you didn't have to think about money every second.
Imagine you have six loans, small to huge. People want to close loans and because of that, they try to pay off the small loans, but that's not the right strategy. The right strategy, of course, is to pay the loan with the highest interest rate. People make this mistake and it costs them lots and lots of money, it's a very expensive mistake because interest rates accumulate and become very, very expensive very quickly.
Paris is not so square. I'm not good at the geography of the city in Paris, so I'm always lost. Here, in New York, you can never be lost. In Paris, even when I walk to my gallery or whatever, I always take another route, because Paris is not built that way.
There are not a ton of people buying cars - cars are expensive. So people usually go for the cheapest car they can get. And if the price of gasoline falls again, it makes the savings that you get with an electric car harder to realize.
GM is pursuing gasoline-savings solutions on many fronts on the way to our ultimate vision of hydrogen fuel cell-powered transportation. E85 ethanol burns cleaner than gasoline and is a renewable, domestic fuel that can enhance the nation's economy and energy security.
For me, New York is comfortable, not strange. And I don't feel like a stranger. I have more friends in New York than Paris.
What I've seen around the world is if the regulatory desires are combined with things that affect consumer behavior - such as in Europe, they tax gasoline very heavily - you do get people to move to very fuel efficient cars; trade off bigger vs. smaller cars.
We went into a recession in 2008 because of gasoline prices. The bubble burst in housing because people couldn’t pay their mortgages because of $4 a gallon gasoline.
We all focus on health care and diabetes and heart disease but there's all sorts of things like the simple fact that, you know, heavier people, transportation is more, so there's more spent on gasoline, more on jet fuel, people have had to change the size of doorways, the size of chairs on airplanes and at sports stadiums, so there's a lot of hidden costs as well to the increasing girth of Americans.
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