<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><HTML DIR=ltr><HEAD><META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-8859-1"></HEAD><BODY><DIV><FONT face='Arial' color=#000000 size=2>A recently published International Energy Agency report
reverses its previously optimistic predictions and has begun to align far more
closely with peak oil concerns:</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><EM>Despite four years of high oil prices, this report sees increasing
market tightness beyond 2010, with OPEC spare capacity declining to minimal
levels by 2012 … It is possible that the supply crunch could be deferred [by
decreased demand growth] - but not by much.</EM></DIV>
<DIV><EM></EM> </DIV>
<DIV><FONT face=Arial size=2>The PDF file of the full report is available at <A
href="http://tinyurl.com/266vxp">http://tinyurl.com/266vxp</A><BR></FONT></DIV>
<DIV><FONT face=Arial size=2>Regards,</FONT></DIV>
<DIV><FONT face=Arial size=2>Ken</DIV></FONT></BODY></HTML>