Continued from part 1 But there is another metric explaining China’s oil consumption growth: debt. The following graph is from an article by the Institute of International Finance in its weekly insight…
Category: Debt
Sydney playing risky and costly metropoly games amid oil price fears (part 1)
Sydney must be the only city in the world which closes its most modern heavy rail tunnel, 12.5 kms, designed for its ubiquitous double deckers and used by long distance commuters for…
Australian budget hit by GFC and high oil prices (part 1)
The Australian Federal Government’s cumulative cash balance between 2008/09 and 2013/14 was deep in the red, at $ -241 bn. If company tax had continued to grow at pre-GFC levels this deficit…
No debt repayment plan for Sydney’s toll-ways
At a recent ITLS seminar, Infrastructure NSW’s chairman Nick Greiner could not show calculations how Sydney’s existing toll-way debt, not to mention future debt from proposed new toll-ways, will ever be paid…
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…
Global debt and oil prices
From the Economist’s website: global public debt has reached $US 45 trillion. http://www.economist.com/content/global_debt_clock We compare the stacked debt curves with the NYMEX oil price: The steep rise of both debt and oil…
Money in Transurban’s cashbox not enough to complete M2 widening
Transurban ended up with a cash balance of $370 million at end 2010. $ 275 m of that amount is money provided by banks end of last year as part of a…
Will Transurban ever pay back its debt?
Transurban, a toll-way operator in Sydney, Melbourne and the US has accumulated a debt mountain of around $A4 bn. Up to now, most of the previous debt, when due, was re-financed. There…
Yet more debt to finance Sydney’s toll-way expansion
But will $740 million be enough to complete the M2 widening? Out of $740 million of new loans given by banks to Transurban, $465m are only for refinancing old M2 debt, leaving…