[Texgreen] Bush on radio; oil update

[Roger Baker]

I was just listening to Bush on the radio. Alternately angry,  
shouting about how we can't leave Iraq. Then cracking silly jokes out  
of apparent anxiety, then back to more loud, semi-articulate anger.

He's clearly beginning to crack, with or without drugs. He seems to  
have a rather cornered, frantic demeanor. Speed maybe.

But he seems to have peaked politically and not even the London  
arrests could raise his ratings significantly. Lets keep fanning  
those flames of discontent and public disapproval, and maybe the  
Bushies will get defeated in Nov.  If there's one thing Greens need  
never apologize for, its for publicly condemning the policies of Bush  
and the Bush administration as effectively as possible, right? We did  
it first. Now we have the following guarantee:

"I will never question the patriotism of someone who disagrees with  
me!" -- GWB, today.

--  Roger

                       *********************************************

[This following guy is a British expert with the best data.  
Particularly the vital experience of knowing the probable timing of  
bringing new production on line.  I got to say hello to him at the  
peak oil conference (ASPO) in Pisa. -- Roger]


<http://www.theaustralian.news.com.au/story/ 
0,20867,20199774-1702,00.html>
http://tinyurl.com/lvgey
By Rebecca Keenan
August 21, 2006

THE price of oil would continue to rise until world oil production
peaks in 2010 with any weather or political disruption able to cause
a spike in price, an oil expert said today.

The London-based editor of Petroleum Review, published by the UK's
Energy Institute, Chris Skrebowski said in Perth that world
production would peak about 94 million barrels of oil per day, up
from present levels of between 85 million barrels and 86 million
barrels per day.

The global community needed to develop new fuels or technologies by
the time production peaks or there could be a disruption, he said.

"The sooner we can start mitigating the effect the better," he said.

"We have left it pretty late already."

He said while the disruption would not be on the same scale as the
oil crises of the 1970s, the decline in oil could have uncomfortable
side effects.

The rising oil price has translated to escalating petrol prices, but
he said for petrol to reach $2 a litre in Australia, the oil price
would need to soar up to $US120 a barrel.

Oil is trading about $US71 a barrel.

"It's pretty improbable it will get that high," Mr Skrebowski said.

"What we can say is the chance of petrol going down is very slight."

He predicted the oil price could reach up to $US90 a barrel by the
end of the year, but this could be pushed higher on supply concerns,
including if the conflict in the Middle East flared up again.

"I don't think it will go below $US70 (a barrel) and could test up to
$US90," he said.

The northern hemisphere would soon be heading into winter and this
traditionally pushed prices higher, he said, but a severe winter
would see prices spike as energy consumption for heating soared.

"All the risks are on the downside in terms of supply, which means
all the risks are on the upside in terms of price," he said.