Latest Graphs

opec_non_opec_2010_04 non_opec_crude_2010_04 fig8_opec_2010_04 fig7_2010_04

Negative net present value for Brisbane’s Northern Link Tunnel in next oil crunch

Northern Link gets the go-ahead

Brisbane City Council’s $1.7 billion Northern Link tunnel has received state government approval, paving the way for work to begin later this year….The Federal Government has chipped in $500 million to the $1.7 billion project, which is projected to provide 1400 jobs during construction and 85 jobs when it is running [...]

Flight disruptions in Europe a Foretaste for Period of Oil Decline

The shut down of European air traffic as a result of the ash cloud from Iceland’s volcano demonstrates how ill-prepared we are for the period of declining oil production ahead of us.

This map shows global air routes. From www.faz.net

The Frankfurt daily FAZ describes following impacts in an article entitled “Is there a way without [...]

Natural gas liquids and other liquids mitigate crude oil peak

Natural gas liquids and other liquids,  included in “oil – all liquids” have been increasing steadily from 9 mb/d in January 2001 to 12 mb/d in January 2010. These additional 3 mb/d somehow eased the impact of the crude oil peak.

In January 2010 we had

Crude oil and condensate:    73,228 Kb/d

NGLs and other liquids          12,301 [...]

Australian Population Scenarios in the context of oil decline and global warming

Summary

The size of Australia’s future population growth including immigration will be largely determined by these events:

Fuel shortages after peak oil which started in 2005
Food shortages due to failure of governments to prepare for declining oil production
Power shortages after global warming events will have forced us to abandon coal (2020)
Sea level rises from global warming impacting [...]

Australia needs a Strategic Oil Reserve

The Australian Financial Review (6/4/2010) published my following letter:

Middle East war games and our oil vulnerability

In the last days the New York Times had 2 articles on war games in the Middle East involving Israel, the US and Iran[1]. They describe a February 2010 report by the Brookings Institution entitled “A [...]