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This paper looks at the implications for transport arising from expectations about future fuel prices and availability. All transport operators will try to minimise the effects of fuel price rises on their costs. Mr Clemow's presumption is that fuel prices will rise, in real terms, faster than they can be absorbed by technological and other fixes. Railway and water transport operators will naturally be anxious to exploit the fundamental advantages of their modes arising from the relatively low resistance to movement and therefore low energy consumption for each gross ton mile.

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