In a benchmark scenario of its latest World Economic Outlook (April 2011) the International Monetary Fund (IMF) analyses what it calls oil scarcity (after “energy security” another code word for peak oil?)…
Ford cuts jobs in Australia – more signs of peak oil
This is the second time in 2 ½ years that Ford is cutting jobs, just when oil prices spike. Ford to shed 240 local jobs, cut production as demand slumps April 14,…
Australia’s fuel import vulnerability increases as Sydney’s Clyde refinery is closing
Peak oil works according to plan, sweeping through the system bit by bit. Closing refineries are to be expected as global crude oil export volumes are declining. First victims are inefficient operators….
Libyans fight over oil field at depletion midpoint while African crude exports decline
Gaddafi forces have attacked and damaged a pumping station at Messlah, North of the Sarir field, in the South East of Libya, depriving Benghazi of oil revenue. A 1990 report on this…
Australia’s debating club on transport fantasies after global crude oil exports peaked 2005
While armed conflicts about OPEC’s remaining oil are spreading like cancer in MENA countries and an accumulated debt crisis triggers money printing which drives up oil prices sky high, the media and…
Sydney’s RTA builds M2 exit lanes for $200 oil
This is a M2 construction work update for calendar week 5/2011. Contractors have started to build exit lanes for $200 oil just as 3 parties are now fighting for oil in Libya:…
Libya: yet another (peak) oil war
What started as an uprising against Gaddafi has turned into a quagmire including NATO intervention in which oil plays a dominant role. The outcome is uncertain and it is not clear whether…
2010 vs. 2005: Pay 40% more for the same amount of crude oil
The EIA crude oil data for December 2010 have come out, giving us the total for 2010 which was practically on the same level as 2005, but the world paid US $80/barrel…
Japanese meltdown highlights energy dilemma as peak oil enters hot phase
In a frightening coincidence Fukushima reactors face – in the best case scenario – years of decommissioning while Saudi troops enter Bahrain, marking the start of fights between Shia and Sunni over…
Sydney increases its oil vulnerability as strategic shifts in ME threaten global oil supplies
It is unbelievable. Transurban started work on the M2 widening in Sydney by blocking access lanes for a bus ramp to a major railway station in the suburb of Epping. And the…