In this post I add some graphs into the interview transcript. http://www.abc.net.au/news/2012-09-17/peak-oil-and-the-threat-to-growth/4266638 On youtube: http://www.youtube.com/watch?v=eGphOQXCt2s Ticky Fullerton, ABC TV Lateline Business: “There have been few more passionate debates in resource economics than…
Author: matt
Matt Mushalik (MEAust, CPEng)
Sydney
South East Asian oil peak in the rear view mirror (part 1)
The title of this post refers to a term first used by the late Matt Simmons (2005 book “The coming Saudi oil shock and the world economy”) Grandiose statements about the “Asian…
BHP Billiton’s Australian oil reserves in decline
BHP mothballs Olympic Dam expansion BHP’s decision to change its strategy on its Olympic Dam expansion came as the company announced a 35 per cent slide in net profit http://www.smh.com.au/business/mining-and-resources/bhp-mothballs-olympic-dam-expansion-20120822-24m4i.html Mines need…
Transurban does not pay back its debt
Transurban – just like Greece – does not pay back its debt. They are jost rolling over debt, but not paying it back. Come the next credit squeeze and the game is…
BP Statistical Review 2012 The incredible growth of oil(y) resources
Summary: Oil reserves as reported in the Statistical Review have experienced a phenomenal growth but are not all proven (1P) reserves as claimed. The reserve tables provided contain a mixture of resources…
Iran’s 2nd and last oil peak
“Iran’s Supreme Leader Ayatollah Ali Khamenei said in Tehran that Iran has become addicted to selling crude oil and the time has come that the country voluntarily shut down some of its…
Poor peak oil preparation rating for NSW budget 2012
Oil prices are now 5-6 times higher than in the late 1990s and 3-4 times higher than in the early 2000s before peak oil started in 2005. Now, do governments implement a…
After Sydney refinery closure, Caltex to import fuel from Chevron’s shrinking sales
Welcome to the Asian century. As the Caltex refinery in Sydney will close in 2014, Caltex will get its fuel from Chevron with refineries in Singapore, Thailand and South Korea. There, Australian…
BP Statistical Review 2012 Part 2 Australia proved oil reserves overreported by a factor of 2
This is easy to check. From the Geoscience Australia website (GA – Oil and Gas Resources of Australia – OGRA) we add total reserves (proved and probable = 2P) for crude oil,…
Brisbane Airport Link: another tollway miracle of growing debt and assumed traffic growth (part 1)
Summary Brisconnections’ Airport Link is based on a financing model with increasing debt until 2026 and repayment of debt only after 2035. In the context of the evolving debt crisis – which…