We use the period starting with January 2010 when crude production had come back to 2005 levels after the exceptional year of 2009 Fig 1: US crude oil vs crude oil in…
Author: matt
Matt Mushalik (MEAust, CPEng)
Sydney
Qantas growing passenger numbers don’t increase revenue
A lot has been written about Qantas’ FY 2014 losses of AU$2.8 bn but no analysis was done by the main stream media how the timeline of these losses are connected to…
Australian Prime Minister Tony Abbott pedalling in wrong direction
Fig 1: Australian Prime Minister Tony Abbott (centre, yellow helmet) likes biking There are only a few Prime Ministers in this world who are pro-actively biking. Tony Abbott is one of them….
IEA report implies US crude production may start to peak 2016
The Medium Term Oil Market Report of the International Energy Agency (IEA, Paris), published in June 2014, contains a graph which implies that US crude production will start to peak in 2016….
The Ukraine conflict, peak cheap gas and the MH17 tragedy
For 8 years now there are problems with Russian gas flowing to and through Ukraine. Even Europe – where gas production peaked 10 years ago – has been affected. The fact is…
Sydney’s M2 toll road less busy than forecast in Transurban investor presentation of 2011
Fig 1: M2 at Murray Farm Rd – summer evening 2013/14 The Sydney Morning Herald quotes from Transurban’s latest June 2014 ADT data that traffic on the M2 increased by 13.8% y-o-y….
Energy Super Power Australia’s East Coast running low on affordable domestic gas
In July 2006 then Prime Minister Howard declared Australia an energy super power. 2 years earlier his energy white paper set the framework for unlimited gas exports while neglecting to set aside…
Oil prices started to skyrocket when one quarter of global supplies went into irreversible decline
This is the 1st post on the BP Statistical Review 2014 which has been published recently. There are many reasons why oil prices went up in the last 10 years but the…
World’s untested assumption on 6 mb/d Iraqi oil by 2020
Given the ethnic turmoil in Iraq triggered by ISIL’s recent seizure of towns in Iraq’s North and West it is uncertain how this will impact on oil production in the Shia controlled…
Australian GDP per capita growth slowed while oil prices went up (part 2)
In part 1 of the series on the Australian budget 2014/15 we showed that company tax receipts took a dive when the global financial crisis (GFC) hit. In this 2nd part we…