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Latest Graphs
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On 1st March 2010, the Federal Government published a new Australian Energy Resource Assessment (AERA)[1]. In chapter 3 on oil it contains a graph on future oil production on page 79. What we can see from this graph (note the inserted comment is by the author of this paper): Crude oil production from known oil fields will [...] Federal Transport Minister Albanese (17/2/2010): “We’re about to start the $1.65 billion Hunter Expressway” http://www.theherald.com.au/news/local/news/general/hunter-fast-train-could-shore-up-labor-votes/1752761.aspx?storypage=2 This will get stuck in the next oil price shock: Barclays and Bank of America see looming oil crunch http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/7266837/Barclays-and-Bank-of-America-see-looming-oil-crunch.html Well, the 1st oil crunch since crude oil started to peak in 2005 was in 2008: 21/2/2010 In 2009, the Federal government released both an aviation green and white paper. At the same time airports around Australia published their master plans, all assuming a doubling of air traffic within the next 20 years as shown in the BITRE working paper #72: Even taking into account that growth in aircraft movements is somewhat [...] Despite a lot of rhetoric on the dangers of human made climate change and maybe some good intentions on how to reduce CO2 emissions, the Wiggins coal terminal approval by Environment Minister Peter Garrett and $580 million of Federal funds for coal trains to service the 3rd coal loader in Newcastle previously approved by the then [...] The Bureau of Infrastructure, Transport and Regional Economics (BITRE) published a working paper in May 2005 entitled “Is the world running out of oil? A review of the debate” Peak oil of course does not mean “running out of oil” but these were the warnings in 2005:
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