[Peakoil] Fwd: letter in Saturday's Age

[Antony Barry]

Begin forwarded message:

> From: "Jgoldie" <jgoldie at snowy.net.au>
> Date: 6 January 2007 10:57:37 AM
> To: "Antony Barry" <tony at tony-barry.emu.id.au>
> Subject: letter in Saturday's Age
> Reply-To: "Jgoldie" <jgoldie at snowy.net.au>
>
> Tony
>
> Can you put my letter in today's Age on Peak Oil discussion list  
> for me? Thanks to whoever for posting the Kunstler article.
>
> Jenny
>
> Oil pressure rising
> It appears motorists are feeling the pinch of higher fuel prices.  
> The fact that the price ended up the same at the end of 2006 as it  
> was at the beginning — $US60 ($A76) a barrel — has lulled some into  
> a sense of false security.
>
> But oil analyst James Howard Kunstler warns that prices on the oil- 
> futures market levelled off because Third World countries have  
> dropped out of bidding. They cannot afford it at $US60 a barrel.  
> This, he says, is "manifesting in symptoms of local resource wars,  
> genocides, falling life expectancies and, in many places, a total  
> unravelling of the sociopolitical order". Kunstler says this drop- 
> off is the major reason why we are not suffering from $US100-a- 
> barrel prices, which may, of course, lead to our own sociopolitical  
> and economic unravelling.
>
> The situation is not helped by the fact the world is not able to  
> lift production above 85 million barrels a day, or by the fact the  
> oil-producing nations have rising populations that are using so  
> much of their product that exports are plummeting. And the  
> discovery of new oil to replace declining fields such as Saudi  
> Arabia's Ghawar remains paltry, according to Kunstler.
>
> The move in Australia to smaller cars is very welcome, as is the  
> boost in bicycle sales. We may find, however, the average motorist  
> might not even be able to run smaller cars in the not-too-distant  
> future.
>
> Jenny Goldie, Michelago, NSW
>
>
>
> ________________________________________________
> Message sent using UebiMiau 2.7.2

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