[Peakoil] Petrol prices

[Antony Barry]

Begin forwarded message:

> From: Antony Barry <tony at tony-barry.emu.id.au>
> Date: 26 June 2006 2:05:55 PM
> To: Canberra Times Editor <letters.editor at canberratimes.com.au>
> Subject: Petrol prices
>
> The editor
> Canberra Times
>
> For once we can believe John Howard when he says in today's  
> Canberra Times (p.4) that rise in the price of petrol is driven by  
> a "rise in the cost of crude oil". For every dollar rise in the  
> price of crude oil the price per litre of petrol goes up by a cent  
> - and the price of crude oil will continue to increase.
>
> The reason for this, is that the rate the world can produce oil is  
> near it's peak. The easy oil is gone, no more big fields are there  
> to discover and we have been burning it faster than we have been  
> finding it for more than a quarter of a century. In a few years  
> world production will start to decline and those who can afford to  
> buy will push the price upwards until demand is reduced to match  
> the declining supply.
>
> This will impact on Australia more than other countries not just  
> because of our size but also because our crude oil local production  
> is going into rapid decline. We have passed our peak of production.  
> The economic impact will be most severe on dispersed cities which  
> rely predominately on automotive transport. Canberra is such a city.
>
> Tony
> --
> Antony Barry  http://tony-barry.emu.id.au
>
> | 21 Aroona Crt |  Phone: 02 6241 7659 Mobile: 04 1242 0397
> |   Ngunnawal   |  Email: me at tony-barry.emu.id.au
> |   ACT 2913    |       : tony.barry at alianet.alia.org.au
>
>
Begin forwarded message:

> From: Antony Barry <tony at tony-barry.emu.id.au>
> Date: 26 June 2006 2:06:44 PM
> To: ACT Peak Oil discussion Oil discussion <peakoil at act-peakoil.org>
> Subject: Fwd: Petrol prices
>
>
>
> Begin forwarded message:
>
>> From: Antony Barry <tony at tony-barry.emu.id.au>
>> Date: 26 June 2006 2:05:55 PM
>> To: Canberra Times Editor <letters.editor at canberratimes.com.au>
>> Subject: Petrol prices
>>
>> The editor
>> Canberra Times
>>
>> For once we can believe John Howard when he says in today's  
>> Canberra Times (p.4) that rise in the price of petrol is driven by  
>> a "rise in the cost of crude oil". For every dollar rise in the  
>> price of crude oil the price per litre of petrol goes up by a cent  
>> - and the price of crude oil will continue to increase.
>>
>> The reason for this, is that the rate the world can produce oil is  
>> near it's peak. The easy oil is gone, no more big fields are there  
>> to discover and we have been burning it faster than we have been  
>> finding it for more than a quarter of a century. In a few years  
>> world production will start to decline and those who can afford to  
>> buy will push the price upwards until demand is reduced to match  
>> the declining supply.
>>
>> This will impact on Australia more than other countries not just  
>> because of our size but also because our crude oil local  
>> production is going into rapid decline. We have passed our peak of  
>> production. The economic impact will be most severe on dispersed  
>> cities which rely predominately on automotive transport. Canberra  
>> is such a city.
>>
>> Tony
>> --
>> Antony Barry  http://tony-barry.emu.id.au
>>
>> | 21 Aroona Crt |  Phone: 02 6241 7659 Mobile: 04 1242 0397
>> |   Ngunnawal   |  Email: me at tony-barry.emu.id.au
>> |   ACT 2913    |       : tony.barry at alianet.alia.org.au
>>
>>
>
Begin forwarded message:

> From: Antony Barry <tony at tony-barry.emu.id.au>
> Date: 7 July 2006 11:36:34 AM
> To: Canberra Times Editor <letters.editor at canberratimes.com.au>
> Subject: Petrol prices
>
> The Editor
> Canberra Times
>
> Todays Canberra Times reports on the latest increase in petrol  
> prices (p.1). Each time such a report is written in directs the  
> blame to the immediate reason which in the case is nervousness  
> concerning North Korea's missile tests. We have seen hurricanes in  
> the Gulf of Mexico, political turbulence in Iraq, Nigeria and  
> Venezuela and demand growth in India and China all blamed.
>
> But the underlying reason is that the world has no reserve capacity  
> left to produce more oil. We are near the peak of production. Soon  
> it will no longer be possible to bring online new production  
> capacity faster than the decline in old fields and the price of  
> petrol will rise to the level set by alternative fuels. This price  
> is likely to be high as the capacity to produce alternatives, such  
> as biofuels, is likely to be much less than amount we have been  
> able to get from oil wells.
>
> Tony
>
> phone : 02 6241 7659 | mailto:me at Tony-Barry.emu.id.au
> mobile: 04 1242 0397 | mailto:tony.barry at alianet.alia.org.au
> http://tony-barry.emu.id.au
>
>

phone : 02 6241 7659 | mailto:me at Tony-Barry.emu.id.au
mobile: 04 1242 0397 | mailto:tony.barry at alianet.alia.org.au
http://tony-barry.emu.id.au