In a surprise move and only days into his new job, the Australian Prime Minister Tony Abbott started to implement his direct action plan to reduce CO2 emissions by using his bike…
US shale oil hides crude oil peak in rest of world
Recent US shale oil growth sits on top of a bumpy production plateau of the rest-of-the-world (ROW) Other Middle East (Syria, Yemen, Oman) was in long term decline until 2007. Just when…
New Australian Prime Minister is sceptical that peak oil has value for policy making
The Australian electorate has voted for a Prime Minister who 3 years ago said he was sceptical that the concept of peak oil has any value as tool for policy makers. That…
Melbourne’s East West Link tunnel proposal has low benefit cost ratio and high oil price risk
According to the State government of Victoria’s “short form business case” a proposed road tunnel in Melbourne has only a benefit cost ratio of 1.4, a number which is classified as “low”…
Chevron’s oil production, sales decline 5 %
After the publication of Caltex Australia’s half year results for 1H 2013 the media again failed to analyse where Sydney’s fuel imports will come from once its Kurnell refinery closes in 2014….
Australia’s future Infrastructure Prime Minister will increase our oil vulnerability
What you vote is what you get. More road tunnels and neither rail nor public transport projects. And this despite Tony Abbott being a cyclist. As the Australian election campaign enters its…
OPEC fiscal breakeven oil price increases 7 % in 2013
Using recent research from the Arab Petroleum Investment Corporation (APIC) it can be calculated that OPEC’s fiscal break-even oil prices have increased by around 7% pa in 2013 while OPEC’s population grows…
Iraq crude oil exports stall amid pipeline attacks
Those who expect a doubling of Iraqi oil production to 6 mb/d by 2020 should pray for enduring peace and social justice in this war-torn country. Iraq’s overdue integration into OPEC’s quota…
US Oil Demand Peak was in 2007
Detroit’s Motown legacy has put the spotlight on the vulnerability of the American car culture. Despite an oil shale boom and years of money printing US oil demand has hit a wall….
The high cost of railroading unconventional crude
The derailment and explosion of a shale oil train in Canada highlights desperate attempts by refineries along the US/Canada East coast to offset the conventional oil peak of Atlantic basin producers who…