[Peakoil] Fwd: 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
>
>