<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=Content-Type content="text/html; charset=iso-8859-1">
<META content="MSHTML 6.00.2900.2912" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT face=Arial size=2>Well this is what it all comes down to $77 a
barrel, how ever most of our imported oil comes from Bruni near Malaysia
their high for Friday was $80.20. ( TAPIS CRUDE ) TAPIS Crude isn't always
referred to in financial circles but is the price that effects us the
most. Rob</FONT></DIV>
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=jgoldie@snowy.net.au href="mailto:jgoldie@snowy.net.au">Jenny
Goldie</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=peakoil@act-peakoil.org
href="mailto:peakoil@act-peakoil.org">ACT Peak Oil discussion Oil
discussion</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Saturday, July 15, 2006 11:10
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [Peakoil] oil at record
high</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>
<DIV class=noLinks id=pageTitle>
<H1>Oil ends week on record high</H1>
<DIV id=promoTopRight>From: Agence France-Presse </DIV>
<DIV id=storyAuthor>
<DIV id=storyAuthorName>From correspondents in New York</DIV><BR>July 15, 2006
</DIV>
<DIV class=line10> </DIV></DIV><!-- end page title and right promo --><!-- floating lead items --><!-- end floating lead items -->
<DIV id=storyBody>
<P class=storyBodyInitial>IGNITED by a flare-up in violence in the Middle
East, world oil prices ended the week at record highs as prices in New York
and London spiked to over $US77 a barrel overnight.</P>New York's main
contract, light sweet crude for delivery in August, rallied 33 cents to close
at $US77.03 a barrel.
<P>However, New York prices had broached $US78 in overnight electronic
trading.</P>
<P>In London, Brent North Sea crude for August delivery settled at $US77.27,
up 58 cents from Thursday.</P>
<P>Friday's gains came after oil prices smashed the $US76-dollar-a-barrel
barrier for the first time Thursday, and amid steep prices gains in recent
days as Israel mounted a military offensive across Lebanon and Hezbollah
guerrillas fired rockets into Israel.</P>
<P>"We have to conclude that this will get worse before it gets better, and
the possibility exists that forces may have been unleashed that may be
difficult or even impossible to contain," said John Kilduff, an energy analyst
at Fimat USA.</P>
<P></P>"Market participants must now let prudence be their most influential
guide; thus, there are many more reasons to buy than sell," he said.
<P></P></DIV>
<DIV class=spacerClear></DIV>
<DIV id=newstextPromo><A
href="mailto:jgoldie@snowy.net.au"></A></FONT> </DIV></DIV>
<P>
<HR>
<P></P>_______________________________________________<BR>Peakoil mailing
list<BR>You are subscribed as
theprestons@homemail.com.au<BR>http://act-peakoil.org/cgi-bin/mailman/options/peakoil/theprestons%40homemail.com.au<BR></BLOCKQUOTE></BODY></HTML>