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…
Category: Australia
Report Card 2012: it was a very good year – for peak oil denial
Contents: 1 Australian government failed to update its internal peak oil report 2 NSW government can’t deal with peak oil 3 Media dropped ball on peak oil and impact of unconventional fuels…
Wanton destruction of bus ramp in Sydney continues
Demolition work on the M2, to make way for a 3rd car lane 9/12/2012 While the Middle East is falling apart, with yet unknown consequences for oil supplies, only 3 tanker weeks…
Australian Infrastructure bosses want more traffic on motorways
In April 2009, in an energy white paper workshop in Sydney’s Crowne Plaza the participants were told not to debate peak oil but agree on an objective “Away from oil”. 3 1/2…
Peak oil lite: Sydney airport passenger traffic 15 % below 2009 forecast (part 1)
With the publication of the “20 year State Infrastructure Strategy” by INSW the thorny issue of a second Sydney airport was raised again. High time to look at air traffic statistics. Summary…
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…
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…
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…
10 mouse clicks to calculate Australian crude oil depletion of 83 per cent
Do it yourself. This takes 2 minutes. Australian government web site. CLICK 1 Type in google the search word “Geoscience Australia” CLICK 2 Click on http://www.ga.gov.au/ CLICK 3 Click on “Publications” CLICK…