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Oil Price

Hunter Expressway: yet another peak oil ignorant project

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
1st phase of peak oil caused demand destruction [...]