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thechuckster Forums Junkie Location: Brisbane Registered: February 2003	Re: petrol $ going up up Mon, 27 June 2005 03:17 more accurate gossip: .. Earlier, the world's most powerful bankers said they expected crude oil to remain near record highs of $US60 a barrel for several years, eroding some strength from a world economy already vulnerable to upsets... (from: http://www.abc.net.au/news/newsitems/200506/s14011 61.htm) and ... Everyone knows that oil will not last for ever. The world is not going to move from current levels of production to zero overnight; there will be a long process of gradual decline. Using techniques originally developed by M. King Hubbert to assess the profile of US oil production, industry experts can estimate, with a high degree of certainty, the high point of global output - or peak oil, as it is known. Hubbert calculated this with accuracy for the US, pinpointing the 1970s as the zenith of production. For the North Sea, peak oil was at the end of the 1990s. The world as a whole has yet to reach that point. But before you breathe a sigh of relief, consider this. If the experts are right, global peak oil could arrive in 2008... (from: http://www.guardian.co.uk/business/story/0,3604,15 15240,00.html) and ...Motorists will have to get used to petrol prices of more than $1 a litre for many years if contracts for the future price of crude oil are correct. The international benchmark price for crude reached a record $US60 a barrel late last week and the market for the future delivery of oil suggests the price will stay near these levels until 2010 and beyond. The price for oil delivery in 2012 is about $US55. (from: http://www.smh.com.au/news/business/steep-petrol-p rices-locked-in-for-years/2005/06/26/1119724526917 .html - registration might be required) [Updated on: Mon, 27 June 2005 03:21] [Report message to a moderator]

	Subject	Poster	Date
	petrol $ going up up	chrisss	Sun, 26 June 2005 19:03
	Re: petrol $ going up up	shcao	Mon, 27 June 2005 00:28
	Re: petrol $ going up up	R-jay	Mon, 27 June 2005 00:55
	Re: petrol $ going up up	Norbie	Mon, 27 June 2005 00:59
	Re: petrol $ going up up	thechuckster	Mon, 27 June 2005 03:17
	Re: petrol $ going up up	Les	Mon, 27 June 2005 03:28
	Re: petrol $ going up up	Corona RT142	Mon, 27 June 2005 03:34
	Re: petrol $ going up up	Ribfeast	Mon, 27 June 2005 05:26
	Re: petrol $ going up up	Norbie	Mon, 27 June 2005 06:51
	Re: petrol $ going up up	oldcorollas	Mon, 27 June 2005 06:58
	Re: petrol $ going up up	ae86drift	Mon, 27 June 2005 07:11
	Re: petrol $ going up up	Dust	Mon, 27 June 2005 16:02
	Re: petrol $ going up up	chrisss	Mon, 27 June 2005 06:25
	Re: petrol $ going up up	chrisss	Mon, 27 June 2005 07:15
	Re: petrol $ going up up	Corona RT142	Mon, 27 June 2005 07:18
	Re: petrol $ going up up	chrisss	Mon, 27 June 2005 07:26
	Re: petrol $ going up up	86tt	Mon, 27 June 2005 19:12
	Re: petrol $ going up up	Corona RT142	Mon, 27 June 2005 07:30
	Re: petrol $ going up up	boudan	Mon, 27 June 2005 07:33
	Re: petrol $ going up up	chrisss	Mon, 27 June 2005 07:51
	Re: petrol $ going up up	R-jay	Mon, 27 June 2005 08:51
	Re: petrol $ going up up	Corona RT142	Mon, 27 June 2005 09:51
	Re: petrol $ going up up	dingaling	Mon, 27 June 2005 12:15
	Re: petrol $ going up up	R-jay	Mon, 27 June 2005 13:08
	Re: petrol $ going up up	Ribfeast	Mon, 27 June 2005 11:53
	Re: petrol $ going up up	Matt-itude	Mon, 27 June 2005 12:07
	Re: petrol $ going up up	Ribfeast	Mon, 27 June 2005 20:52
	Re: petrol $ going up up	Norbie	Mon, 27 June 2005 23:29
	Re: petrol $ going up up	rob_RA40	Mon, 27 June 2005 22:25
	Re: petrol $ going up up	brendanteck	Mon, 27 June 2005 23:24
	Re: petrol $ going up up	Chris Davey	Tue, 28 June 2005 00:01
	Re: petrol $ going up up	Norbie	Tue, 28 June 2005 00:51
	Re: petrol $ going up up	unforgiven	Tue, 28 June 2005 02:55
	Re: petrol $ going up up	Intensevil	Tue, 28 June 2005 03:56
	Re: petrol $ going up up	FWDCelica	Tue, 28 June 2005 04:42
	Re: petrol $ going up up	R-jay	Tue, 28 June 2005 06:16
	Re: petrol $ going up up	FKN16V	Tue, 28 June 2005 09:14
	Re: petrol $ going up up	FKN16V	Tue, 28 June 2005 09:15
	Re: petrol $ going up up	oldcorollas	Tue, 28 June 2005 10:47
	Re: petrol $ going up up	Corona RT142	Tue, 28 June 2005 06:23
	Re: petrol $ going up up	Intensevil	Tue, 28 June 2005 06:39
	Re: petrol $ going up up	oldcorollas	Tue, 28 June 2005 07:18
	Re: petrol $ going up up	oldcorollas	Tue, 28 June 2005 07:32
	Re: petrol $ going up up	Ribfeast	Tue, 28 June 2005 07:42
	Re: petrol $ going up up	brett_celicacoupe	Tue, 28 June 2005 10:23

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