HSTEd said:
When will it be done?
The Electrification RUS - even at the height of NR's electrification mania - did not propose that as a scheme with a significant chance of progressing any time soon.
HS2 will rip the heart out of Chiltern's attempt to grow a London-Birmingham intercity market and return Chiltern to its late 20th Century role as a relatively low traffic commuter railway.
Why would it be wired any time soon? Chiltern's diesel fleet has plenty of life left in it, so it was always going to be a longer-term electrificaion prospect. But if wires go up from Oxford to the West Midlands and the Snow Hill lines around Birmingham are wired to release a lot of long-life Class 172s dmus to areas with remote prospects of wiring, then doing Banbury-Marylebone makes plenty of sense if aligned with replacing by then fairly elderly dmus.
Neither is going to happen in the near future.
Red Diesel is just too cheap.
But might not be should more of the Middle East get sucked into conflict.
Which is why they have determined to obtain pure diesel intercity trains?
Which will only have a limited lifespan in Scotland, even after modernisation, presumably with the intention of electrifying to the likes of Perth, Dundee and Aberdeen over the interim period.
The price of oil was nearly double what it is now - and diesel prices have also decreases relative to feedstocks since then thanks to the rise of the diesel car converting diesel into the dominant motor fuel product.
Well let's see if that remains the case once the EU crackdown on particulates and NO2 emissions gathers pace. Change the tax rules and the rise of diesel could be reversed rapidly. The UK Supreme Court ruled in April that we are breaching air quality directives pretty much across the board and there is little doubt that is down to using diesel.
I found it buried in Treasury guidance years ago - and this is actually a low rate of return for commercial purposes. EDF are demanding 9% from Hinkley Point C.
You really shouldn't be trying to use the finances of nuclear power projects as an example of anything. They bear no relation to the real world.
That blip was produced by an entirely different set of circumstances to the current slump - what we have is a structural change in the oil market and disintegration of OPEC.
This is not caused by some sort of financial crisis in Asia (although that is now happening as well).
Funny, because I seem to remember reading all about how there was structural change in the oil market when the price went north of 100 dollars a barrel and that the days of cheap oil were over forever...
Just demonstrates that not all projects have magical explosive growth in demand just because this is Britain and we hate trains and bias the calculations or whatever.
No, it just demonstrates that Sinfin was an entirely unrepresentative experiment with very limited potential benefits and is therefore en entirely spurious 'example', which is probably why you used it in the first place.