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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”

This will get stuck in the next oil price shock:

Barclays and Bank of America see looming oil crunch

Well, the 1st oil crunch since crude oil started to peak in 2005 was in 2008:

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