Latest Graphs

fig_1d_2010_12 fig_1c_2010_12 fig7_2010_12 fig8_opec_2010_12

Oil Price

Australia’s fuel import vulnerability increases as Sydney’s Clyde refinery is closing

Peak oil works according to plan, sweeping through the system bit by bit. Closing refineries are to be expected as global crude oil export volumes are declining. First victims are inefficient operators. We are told the Clyde refinery can’t compete any longer with much larger, recently built refineries in Asia. Ironically, they were built based [...]