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…
Minesweeping exercise near Saudi oil hub
Massive minesweeping exercise begins off Bahrain 21/9/2012 Reporting from the Persian Gulf and the Arabian Sea (CNN) — More than three dozen nations have converged on the seas around Bahrain for a…
ABC TV Interview with Richard Heinberg on peak oil and the end of growth
In this post I add some graphs into the interview transcript. http://www.abc.net.au/news/2012-09-17/peak-oil-and-the-threat-to-growth/4266638 On youtube: http://www.youtube.com/watch?v=eGphOQXCt2s Ticky Fullerton, ABC TV Lateline Business: “There have been few more passionate debates in resource economics than…
South East Asian oil peak in the rear view mirror (part 1)
The title of this post refers to a term first used by the late Matt Simmons (2005 book “The coming Saudi oil shock and the world economy”) Grandiose statements about the “Asian…
BHP Billiton’s Australian oil reserves in decline
BHP mothballs Olympic Dam expansion BHP’s decision to change its strategy on its Olympic Dam expansion came as the company announced a 35 per cent slide in net profit http://www.smh.com.au/business/mining-and-resources/bhp-mothballs-olympic-dam-expansion-20120822-24m4i.html Mines need…
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…
BP Statistical Review 2012 The incredible growth of oil(y) resources
Summary: Oil reserves as reported in the Statistical Review have experienced a phenomenal growth but are not all proven (1P) reserves as claimed. The reserve tables provided contain a mixture of resources…
Iran’s 2nd and last oil peak
“Iran’s Supreme Leader Ayatollah Ali Khamenei said in Tehran that Iran has become addicted to selling crude oil and the time has come that the country voluntarily shut down some of its…
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…