Can Saudi Arabia step in to replace oil production lost in Libya? When the Guardian published Wiki leaks cables from the US embassy in Riyadh in early February 2011 it sparked a…
Brisbane’s Clem7 Road Tunnel in Receivership
The Clem 7 road tunnel (North South Bypass Tunnel) in Brisbane, conceived and planned in an era of $20 oil, has been placed in receivership. After the Cross City tunnel and the…
Libya exports 7% of crude from Mediterranean and Middle East
According to media reports Libya’s share of global oil production of 85 mb/d is “only” 2%. But that is not the important metric. What matters is the percentage of global crude oil…
Quick primer on Libyan oil
Libya produced 1.65 mb/d of crude oil in Oct. 2010 and exported 1.2 mb/d crude in 2008. Both crude production and exports have recently peaked. Libya is a maturing oil province in…
What if unrest in North Africa, ME impacts on oil exports?
It is only a matter of time until the unrest in North Africa and the Middle East impacts on oil supplies as it did in the last years of the Shah regime…
Money in Transurban’s cashbox not enough to complete M2 widening
Transurban ended up with a cash balance of $370 million at end 2010. $ 275 m of that amount is money provided by banks end of last year as part of a…
Sydney’s suburban grid too weak for growth
There was a very dirty power cut in one of Sydney’s suburbs due to overload of the grid during a hot summer evening around 8:25 pm when all air-conditioners were running on…
Egypt – the convergence of oil decline, political and socio-economic crisis
Egyptian crude oil production peaked in 1995/96 and declined ever since while at the same time oil consumption increased steadily at around 3 % pa. These conflicting trends have now led to…
Queensland Reconstruction Bonds more important than Sydney’s M2, M5 widening
The Queensland Premier is calling for a re-construction task of post-war proportions. What is required is not just a re-construction but an adaptation of infrastructure to future climate change because climatologists warn…
Sydney’s M2 toll increase high above RBA inflation target (part 3)
Let’s calculate future tolls on the M2 toll-way. Starting point for this analysis is this news item from 26th October 2010: Roads Minister David Borger said the RTA had signed a contract…