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Oil Price

Peak oil brought forward moment of truth for Lane Cove Tunnel

Summary: Peak oil impacts in various ways on toll-ways financed by debt. As mentioned in a previous post

peak oil = peak credit

http://www.crudeoilpeak.com/?p=430

This means that it has become harder to re-finance or roll-over debt. Secondly, higher fuel prices reduce the paying capacity of motorists for tolls. Thirdly, a recession means fewer trips to jobs. [...]