A miracle happened 1 minute to 12. Two journos asked energy security questions at last week’s National Press Club in which Australia’s Prime Minister Malcolm Turnbull was given a last opportunity before…
Category: Australia
80 % of Australian budget deficit comes from lower company tax revenue after GFC (part 3)
In this part on the budget 2016 series we have a look at the federal revenue: Fig 32: Time series of federal tax revenue Income tax was growing strongly at 6% pa…
Australian budget 2016 underestimates role of oil (part 2)
In part 1 we found that Treasury did not really explain why global growth is slower than expected given the oil price drop. We looked at some parameters like employment, incomes, investments,…
Australian budget 2016 underestimates role of oil part 1
Let’s see how the Budget 2016 deals with oil. http://www.budget.gov.au/2016-17/content/ The most important statement on oil in budget paper 1is summarised in the chapter “Economic Outlook” Box 5 Lower oil prices to…
Australian Public Broadcaster ABC unable to look at oil statistics
Four times in as many months did ABC publish inaccurate statements about US shale oil. A glut of mis-information. This is unacceptable because it leads to wrong policy decisions and has ultimately…
No glut in Australian petroleum inventories
The Australian Capital’s daily newspaper Canberra Times started the New Year by reprinting an article of the Daily Telegraph referring to an abundance of oil – without checking whether this also applies…
Fireworks calendar 2015
January Bush fires in Adelaide, Australia February Explosion in Kobani, Syria March Great Prophet 9 war games in Straits of Hormuz April Hanging tracks blasted over culvert washout on substandard main rail…
NorthConnex road tunnel contract signed only days after US$ 150-200 oil price warnings in Davos
This post is for the record, to be used later in this website’s I-told-you-so menu. $3 billion NorthConnex tunnel contract signed and ground broken Fig 1: From left: NSW Roads Minister Gay,…
Sydney’s risky NorthConnex tunnel will not solve congestion problem
Fig 1: NorthConnex tunnel proposal http://northconnex.com.au/library.php The current congestion problem on Pennant Hills Rd is caused by 4 distinctive traffic flows overlapping in this narrow corridor: (a) trucks on the national highway,…
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…