This is the 1st post on the BP Statistical Review 2014 which has been published recently. There are many reasons why oil prices went up in the last 10 years but the…
World’s untested assumption on 6 mb/d Iraqi oil by 2020
Given the ethnic turmoil in Iraq triggered by ISIL’s recent seizure of towns in Iraq’s North and West it is uncertain how this will impact on oil production in the Shia controlled…
Australian GDP per capita growth slowed while oil prices went up (part 2)
In part 1 of the series on the Australian budget 2014/15 we showed that company tax receipts took a dive when the global financial crisis (GFC) hit. In this 2nd part we…
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…
10 years after peak oil in Vietnam: Asian Century sails into troubled waters in the South China Sea
Only weeks after the Australian Prime Minister Tony Abbott introduced “Team Australia to help China build the Asian Century” to the Boao Forum on the island of Hainan in the South China…
M2 daily traffic growth below Transurban’s expectations
In what might be an early warning sign, Transurban traffic data for the 1st quarter 2014 show that ADT on the M2 – after a 9 month ramp-up period following the opening…
Why the closure of BP’s Brisbane Bulwer refinery reduces Australia’s energy security
Contrary to BP’s media statement the closure of the Bulwer refinery in Brisbane will reduce Australia’s energy security because Australia’s crude oil imports as refinery feedstock come from a dozen or so…
Australian governments want to pay $810m subsidy for unviable road tunnel in Sydney while competing rail projects under construction (part 3)
In parts 1 and 2 of this series of articles on the proposed NorthConnex road tunnel we found that project related documents fail to deal with oil supply constraints and that benefit…
Australian governments want to pay $810m subsidy for unviable road tunnel in Sydney while Benefit Cost Ratio is low (part 2)
The 1st part of this series of articles analysed that the oil supply situation will be tight by 2019 when the proposed road tunnel is supposed to open. This 2nd part continues…
Australian governments want to pay $810m subsidy for unviable road tunnel in Sydney as next oil price spike looms (part 1)
The Federal government refused to financially help car manufacturers and airlines, arguing that companies need to get their “house in order”. The Federal budget is deep in the red. Yet, billions of…