[Peakoil] News items from Canberra Times Sun, 17 and Mon, 18 Sep 2006

[Antony Barry]

Sunday
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"oil price holds near 6-month lows in NY" p.27

OPEC says world demand weaker in first half of 2006. Report from IEA  
says demand sems to be slowing after a seven year spurt.

Comment: High prices reduce demand - surprise. SUV sales are down a  
fifth and small cars up and equivalent amount. Bicycle sales continue  
to outstrip cars - predominately adult bikes.
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Monday
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"Oil prices to dominate markets this week with possible drop in  
petrol prices" By Isabelle Oderberg. p.13

Article discusses the stock-market.
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"Fears fuel supply faces disruption" p.13

Claude Mandil of IEA says possible disruption keeps prices up.  
Additional capacity expected to come on-stream as soon as 2008 or  
perhaps 2010-11 for refining. Prices should ease below $60.

http://www.taipeitimes.com/News/worldbiz/archives/2006/09/14/2003327619
http://www.abc.net.au/insidebusiness/content/2006/s1742710.htm
http://www.news.com.au/couriermail/story/ 
0,23739,20429233-5007200,00.html

Comment: The CT report does not stress the main part of the  
statement. It's lack of refining capacity which is the main problem.  
This is clearer in the URLs above.
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Tony


phone : 02 6241 7659 | mailto:me at Tony-Barry.emu.id.au
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