Testimony to the Australian Senate inquiry into public transport funding

I have had 37 years in the oil industry. I was CEO of a large company for the last 16 years and I have just retired. … I would make the following observations: there are virtually no unexplored basins in the world. The ones that there are might be in the Arctic, and that illustrates the point quite neatly because it is obviously really difficult to get that.

The 2008 oil price spike and the airline industry

In July 2008, the price of crude oil reached an historical high level of US$147 per barrel. However, as a consequence of falling demand over the following six months, the price declined by well over 60%. This article examines the causes behind the oil price spike, which has become a serious commercial threat to many airlines.