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Oil Price

Aviation White Paper argues debt crisis down, ignores peak oil, means a flight path to a stormy future

The  Aviation White Paper released 16/12/2009 adopts outdated air traffic growth projections done by BITRE before the global financial crisis and ignores peak oil 2005-2008. While BITRE went to great lengths in its modeling to account for past events like 9/11, SARS and the Asian financial crisis by introducing dummy variables, the aviation white paper [...]