Smc Newsletter July 06

The document discusses potential disruptions to oil supplies from various sources and their potential impacts. It notes that production is declining in Mexico and possibly Saudi Arabia. Cost overruns on Canada's Athabasca tar sands projects may lead to cancellations. It also discusses the potential for Iran to retaliate against oil facilities and shipping if its nuclear program faces military action, which could severely impact global oil supplies. Blackouts and stresses on electric grids are also mentioned as issues. Readers are encouraged to prepare for potential disruptions by storing emergency supplies.