In an interview with ASPO USA in January 2014 Ex-Saudi Aramco geologist Dr. Sadad-Al-Husseini predicted oil price spikes of $140 by 2016/17. This post shows some graphs explaining why this could happen….
World crude production 2013 without shale oil is back to 2005 levels
Unnoticed by the mainstream media, US shale oil covers up a recent decline of crude oil production of 1.5 mb/d in the rest of world (using data up to Oct 2013). This…
The end of airlines predicted by no other than former Qantas CEO Geoff Dixon in July 2008
The Sydney Morning Herald published the following article 2 days after Qantas CEO Alan Joyce announced a 1st half year loss of $252 million and job cuts of 5,000 Mayday: how Qantas…
Geelong refinery sold as Shell’s oil production continues to decline
21 Feb 2014 Shell today announced it has reached a binding agreement to sell its Australia downstream businesses (excluding Aviation) to Vitol for a total transaction value of approximately A$2.9 billion (US$2.6…
I told you so: Australian car industry closing down
4 ½ years after I advised former Industry Minister Kim Carr to help the Australian car industry retool to manufacture CNG buses, rail cars and components for the renewable energy industry, the…
Despite growth in passenger numbers Virgin Australia can’t make money since 2009
Summary Virgin’s operating revenues have grown more than 4-fold over 10 years but since 2009 – the year peak oil triggered the global financial crisis – operating expenses were as high as…
Jean Laherrere uses Hubbert linearization to estimate Bakken shale oil peak in 2014
In his latest research on shale oil French oil geologist Jean Laherrere from ASPO France http://aspofrance.viabloga.com/texts/documents estimates a Bakken shale oil peak in 2014 He uses a Hubbert linearization to calculate a…
Unsustainable Sydney: cost of using M2 toll-way grows 4 times faster than traffic
Latest figures for the 4th quarter of 2013 show that for a 7.5% increase of traffic over 3 years after an additional 3rd lane was opened, the cost to motorists has jumped…
GM Holden did not prepare for peak oil – since 1998
Part 1: The Howard years Peak oil, which should be seen as a process having started in 2005 rather than an event in the year of maximum global production, hits the weakest…
Lucky country dodged $2 a litre bullet – for now
Alan Kohler http://www.alankohler.com.au/ showed this AUD/USD exchange rate graph on the 7 pm news on ABC TV on Friday the 13th 2013, displaying a variance between 50c and 1 dollar. And earlier…