[Peakoil] News items from Canberra Times Mon 24, Tue, 25 Jul 2006

[Antony Barry]

Mon 24th
=======
"Oil price reins in spending" -AAP p.16

Consumer confidence has dropped cause by higher oil prices and the  
expectation of an interest rate rise in August.

Comment: If rates do go up expect a lot more debate about the price  
of petrol and suggestions that the government should do something -  
which they can't easily.
_._._._._._._._._._._._._._._._._._._._._._._._._._._._._._.


Tue 25th
========

"Beazley uranium u-turn" by Ross Peake p.1

Beazley supports more uranium mines. The ALP doesn't.

Comment: Expect a lot more debate on energy policy. Discussion on  
nuclear power will be a distraction from petrol prices.
_._._._._._._._._._._._._._._._._._._._._._._._._._._._._._.

"Reserve to raise rates next week: economists"  by Kanchan Dutt p.3

Inflation from rises in petrol prices and effects of Larry are  
causing inflation. Reserve Bank is likely to lift interest rates.
_._._._._._._._._._._._._._._._._._._._._._._._._._._._._._.


"Time running out for ailing Earth" by Roberto Mancuso p.8

Reports Gorbachev's speech. Again he does not mention peak oil.

Comment: Focusing on global warming without looking at peak oil is a  
problem. The likely alternatives to crude oil such as coal to oil  
conversion, oil shale and tar sands with increase the rate CO2 is put  
into the atmosphere and are likely to accelerate global warming.
_._._._._._._._._._._._._._._._._._._._._._._._._._._._._._.



Two items on p.16 predicting an interest rates rise.

"Inflation fears see sharemarket end lower"
"Producer price jump suggests new rate rise"


Tony

Feral Librarian | http://tony-barry.emu.id.au
P: 02 6241 7659 | tony at Tony-Barry.emu.id.au
M: 04 1242 0397 | tony.barry at alianet.alia.org.au