[Peakoil] Fwd: Petrol prices

[Alex P]

Thanks! More where that came from! Anyone else?

Alex
O4O4873828

ACT Peak Oil
http://act-peakoil.org

On Mon, 26 Jun 2006 14:06:44 +1000, Antony Barry <tony at tony-
barry.emu.id.au> wrote :

> 
> 
> 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
> >
> >