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Cost of new oil sources concealed, leading to naive business cases like EastWest Link

This article was originally written on 24 Mar 2014, but, mistakenly not published. As the East West Link tollway scam remains a critical issue in the the lead-up to the Victorian state elections of 29 November 2014, and with the Victorian state Labor Party conference being held today this it has been temporarily posted to the top of the first page of Candobetter with the 'sticky' bit having been turned on.
See also: Community against East West Tunnel head to ALP conference this weekend of 17 May on the front page. - Ed
Freeways and tollways are a thing of the past due to real trends in fuel and energy costs, but the business community and most governments are very poorly educated in real energy and material trends. For instance, the business case for the notorious EastWest Link relies on a ridiculous idea that petrol costs will drop over time, which itself relies on, among other things, reports of uncosted shale oil recovery. This is Hillbilly economics. See also "SEITA tollway using old data on oil prices"

EastWest Link and the Land Transport Infrastructure Amendment Bill 2014 - Kelvin Thomson

"The East West Link is a white elephant that risks undermining Melbourne's productive capacity and living standards. The tunnel is not a solution. It does not provide value for money. Generations of Victorians will be burdened by an $8 billion debt for a tunnel that will have long passed its use-by date. It is regrettable that this government is seeking to amend the Infrastructure Australia legislation to give the minister heightened discretion rather than going through the proper independent, transparent processes that Australians expect when it comes to large spending on infrastructure projects." - Kelvin Thomson, MP. Wills.

Romanticism and fossil-fuel societies

Sheila Newman writes that it is not so much the myth of the noble savage as the myth of the noble capitalist citizen.

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