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Oil Price

Emergency Public Transport Planning – Submission to the Inquiry of the Sydney Morning Herald

The Sydney Morning Herald is conducting an inquiry into public transport in Sydney.

This is the summary of my submission:

The 1st phase of peak oil, which started in 2005 at around 74 mb/d and which triggered the GFC in the 2008 oil crunch, has resulted in a demand destruction of 5 mb/d in OECD countries. We [...]