It is not just the West that views the Middle East through the lens of oil, neighbours like India share this fault as well.
There are now 2 million tonnes less freight being moved by foreign vessels and the number of major Australian registered ships with coastal licences fell from 30 in 2006/07 to just 13 in 2012/13.
Adelaide needs another office block in the CBD like a chocolate teapot needs hot water.
Since 2001, Norway's oil production has fallen by almost half, from around 3.5 million barrels per day down to about 1.8 or 1.9 million bpd in 2014.
Public discussions about big infrastructure projects always attract plenty of participants who're impatient with 'petty' concerns like opportunity cost, distributional issues, and formal benefit-cost analysis.
Moreover, the tax-to-GDP ratio is higher in Australia than in many countries with which we compete for investment and skilled workers, including South Korea and the United States.
An ordinary bloke's take on the taxation problems facing Australia and while less may equal more.
Hundreds of billions of dollars have also come from junk-bond investors looking for high returns.
Since the election, the Coalition's tax-and-spend demons have been winning.
After years of high oil prices driven by scarcity and fears that oil is running out, the price of crude oil has fallen from about $US115 to less than $US70 a barrel over the past six months.
This means that we can plan for 2015 to be a better year, but, as in all things, success happens when we face and plan to overcome obstacles.
Youth Unemployment is hitting 20% in some areas of Australia. Well, get used to it. In 30-50 years unemployment will average at least 33% for everyone!