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opec_non_opec_2010_04 non_opec_crude_2010_04 fig8_opec_2010_04 fig7_2010_04

1st phase of peak oil caused demand destruction in OECD countries of around 5 mb/d

This is the monthly update of the crude oil graphs with EIA data released 17/2/2010 http://www.eia.doe.gov/ipm/

In its WEO 2004, the International Energy Agency assumed a growth rate of all liquids of 2 % pa starting in 2002. Four years later, the WEO 2008 reduced the growth rate for all liquids to 1.5 % pa and [...]

Report Card 2009 (part 2) – Aviation and Airport Master Plans – Pies in the Skies

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 [...]

Which bank would now finance more road tunnels?

No lessons learned from the financial collapse of the Lane Cove Tunnel?

Summary: Only days after the financial collapse of the Lane Cove Tunnel the NSW government continues to plan road tunnels. An F3-M2 tunnel under the Pennant Hills Rd, for example, was assessed by SKM in 2004 (based on 2003 construction costs and assuming a [...]