[Peakoil] News items from Canberra Times Thu, 3 Aug 2006

[Antony Barry]

Much about the interest rates rise today as there has been over the  
last few days. An interesting argument seems to be that the bananas  
don't matter as that's a one-off and petrol doesn't matter because  
that's global and effects all countries therefore the Reserve Bank  
shouldn't have put interest rates up!

Global warming will increase the severity and frequency of climatic  
extremes so we should expect more economically damaging weather events.

With peak oil we will take a hit along with the rest of the world as  
fuel prices continue to lift.
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"Jacked-up jet fuel real terror for airlines" p.16

Qantas chairwoman Margaret Jackson says fuel prices are a bigger  
threat to Qantas than terrorism, SARS or the Asian tsunami. In two  
years fuel has listed from 13 to 30% of operating costs.

Comment: When fuel was a minor part of the costs structure rises  
didn't hurt too much. Now it is becoming a major part of the costs  
rises will feed directly into ticket prices. Don't invest in airlines.

Tony

Feral Librarian | http://tony-barry.emu.id.au
P: 02 6241 7659 | tony at Tony-Barry.emu.id.au
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