Minecraft runs out of memory

[Nick_15_16]

Launcher Version: 1.0.1.3

Operating System: Windows 7

Java Version: 7 update 5

Antivirus Program: Playing minecraft for 5-10 minutes, everything is fine. Then, it starts lagging up a little not too bad though. A little bit after textures dont load and i can see through the whole world.Then it runs out of memory and closes.

Description of Problem:

Playing minecraft for 5-10 minutes, everything is fine. Then, it starts lagging up a little not too bad though. A little bit after textures dont load and i can see through the whole world.Then it runs out of memory and closes.

Error Messages:

Error Log:

[Torezu]

How much memory are you allowing the launcher? And can you post a log?

[Nick_15_16]

How do i find out about the memory?

[Nick_15_16]

log http://pastebin.com/7mnQMUVW

[Torezu]

You're running multiple versions of Java. The log shows Java 6. Go kill it.