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http://www.theage.com.au/articles/2004/10/16/1097784099124.html
Costello fears third oil shockBy Phillip Hudson
Political Correspondent
Canberra
October 17, 2004
Federal Treasurer Peter Costello has warned that the record international oil price could deliver a "double whammy" to the Australian economy, describing it as "the third oil price shock".
In an interview with The Sunday Age, Mr Costello said the rising oil price was the "greatest global risk" to the economy and there was not much relief in sight for motorists until the world oil price fell.
The price of oil hit a new high yesterday of $US55 a barrel and closed at $US54.93. The RACV said the price of a litre of unleaded fuel around Melbourne was as high as $1.09, although some service stations were selling
Only a week after the election our wonderfully successfull treasurer is predicting a oil led recession . Well Im gald i didnt vote for the lying prick>
I hope all those idiots in the outer suburbs with mortages that the cant really afford and that believed the Liberal ads are feeling "relaxed and comfortable" at the moment
Costello fears third oil shockBy Phillip Hudson
Political Correspondent
Canberra
October 17, 2004
Federal Treasurer Peter Costello has warned that the record international oil price could deliver a "double whammy" to the Australian economy, describing it as "the third oil price shock".
In an interview with The Sunday Age, Mr Costello said the rising oil price was the "greatest global risk" to the economy and there was not much relief in sight for motorists until the world oil price fell.
The price of oil hit a new high yesterday of $US55 a barrel and closed at $US54.93. The RACV said the price of a litre of unleaded fuel around Melbourne was as high as $1.09, although some service stations were selling
Only a week after the election our wonderfully successfull treasurer is predicting a oil led recession . Well Im gald i didnt vote for the lying prick>
I hope all those idiots in the outer suburbs with mortages that the cant really afford and that believed the Liberal ads are feeling "relaxed and comfortable" at the moment

