“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…
Tag: peak oil
Brisbane Airport Link: another tollway miracle of growing debt and assumed traffic growth (part 1)
Summary Brisconnections’ Airport Link is based on a financing model with increasing debt until 2026 and repayment of debt only after 2035. In the context of the evolving debt crisis – which…
Ghost traffic on US tollway hits peak oil ignorant banks and investors
The Pocahontas tollway South of Richmond, Virginia, is the latest example how the combination of embellished traffic projections and a weak economy – caused by high oil prices – have resulted in…
Crude oil peak in Algeria
(1) Actual production We have 3 components of oil supplies from different sources: crude oil only (statistics from IEA) condensate (statistics from EIA) natural gas liquids (statistics from EIA) Note that oil…
System dynamics peak oil, financial and CO2 debt, ME geopolitics
(A) Why is the timeline for an orderly transition just 10 years? Oil: We have missed implementation windows for peak oil mitigation long ago: In Australia: “Yes, Prime Minister”, peak oil 2006…
Qantas hit by invisible hand of peak oil
Qantas grounds all flights 29/10/2011 http://www.smh.com.au/travel/travel-news/qantas-grounds-all-flights-20111029-1mpao.html These problems don’t come unexpectedly Qantas cuts staff, flights to counter fuel price hit 30/3/2011 “The price of Singapore jet fuel has risen from around $US88…
War overshadows peak oil in Libya
As we read this IEA makes 60 million barrels of oil available to market to offset Libyan disruption 23/6/2011 The IEA estimates that the unrest in Libya had removed 132 mb of…
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….
Quick Risk Analysis for M2 Widening (part 2)
The NSW government still has not understood the risks involved when approving the M2 widening while global oil production is set to decline. Wider M2 will drive deeper into motorists’ wallets MOTORISTS…