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Oil Price

M2 widening: a primary energy dilemma for cars

The M2 widening proposal can be viewed here:

http://www.hillsm2upgrade.com.au/ea_documents.htm

We superimpose traffic forecasts from chapter 7.2.3 on page 72 with crude oil and condensate  projections of Geoscience Australia

Source of data:

http://www.hillsm2upgrade.com.au/files/environmental_assessment/volume2_part1/techpaper1/m2ueavol2pt1ttiamainreportch6to8.pdf

https://www.ga.gov.au/image_cache/GA17051.pdf

It can be clearly seen that a huge gap between assumed traffic growth and declining oil production emerges already in the next years,  just when the  additional lanes [...]