21 Feb 2014 Shell today announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6…
Author: matt
Matt Mushalik (MEAust, CPEng)
Sydney
I told you so: Australian car industry closing down
4 ½ years after I advised former Industry Minister Kim Carr to help the Australian car industry retool to manufacture CNG buses, rail cars and components for the renewable energy industry, the…
Despite growth in passenger numbers Virgin Australia can’t make money since 2009
Summary Virgin’s operating revenues have grown more than 4-fold over 10 years but since 2009 – the year peak oil triggered the global financial crisis – operating expenses were as high as…
Jean Laherrere uses Hubbert linearization to estimate Bakken shale oil peak in 2014
In his latest research on shale oil French oil geologist Jean Laherrere from ASPO France http://aspofrance.viabloga.com/texts/documents estimates a Bakken shale oil peak in 2014 He uses a Hubbert linearization to calculate a…
Unsustainable Sydney: cost of using M2 toll-way grows 4 times faster than traffic
Latest figures for the 4th quarter of 2013 show that for a 7.5% increase of traffic over 3 years after an additional 3rd lane was opened, the cost to motorists has jumped…
GM Holden did not prepare for peak oil – since 1998
Part 1: The Howard years Peak oil, which should be seen as a process having started in 2005 rather than an event in the year of maximum global production, hits the weakest…
Lucky country dodged $2 a litre bullet – for now
Alan Kohler http://www.alankohler.com.au/ showed this AUD/USD exchange rate graph on the 7 pm news on ABC TV on Friday the 13th 2013, displaying a variance between 50c and 1 dollar. And earlier…
Qantas fuel cost increased three times more than seat kms
In year 9 of peak oil, Qantas’ profits have slipped into the negative. Fuel costs increased much faster than seat kilometres delivered by the airline. Qantas to cut 1,000 jobs and report…
BHP’s Australian oil reserves and production continue to decline, but growth in the US
At BHP’s recent annual general meeting only 4% of BHP shareholders were interested in climate change issues so how many would think about BHP’s oil reserves and oil production? 22/11/2013 Former Shell…
Abbott’s roads for the 21st century will not even reduce CO2 emissions by 5% in 2020
The Abbott government invited comments on the operation of the Emissions Reduction Fund with following brief: The Emissions Reduction Fund is a central element of the Australian Government’s Direct Action Plan. The…