Environment Headlines – 3 September, 2005

Christians draw swords on climate / Researchers Find That Carbon Dioxide Does Not Boost Forest Growth / With water from below scarce, folks harvest water from above / The Climax of Humanity / Drowning New Orleans / New Orleans: Loss of wetlands opens floodgates to disaster

Peak Oil Headlines – 3 September, 2005

America and Britain – gasoline and GDP implications of Katrina / Mayor of Sebastopol, CA on peak oil preparations [audio] / Julian Darley interview / Peak Oil and the working class / You Bet Your Life / Katrina coverage from The Oil Drum / Big Gav on form / Bartlett’s timely message on nation’s energy woes

Politics and Economics Headlines – 3 September, 2005

Steve Forbes contradicts oil price claim in latest investor newsletter / Let Katrina Be a Warning / Economy Was Showing Strain Before Storm / Big Oil’s Bigtime Looting / The Real Gas Gougers / £1 litre looms as US oil firms target European fuel supplies / Fadel Gheit on the rapid rise in gas prices

Politics and Economics Headlines – 2 September, 2005

Indonesia is straining to subsidize oil costs; delays price increases / Powergen hikes prices to 6 mil. UK customers / US to tap SPR / ‘Keep oil reserve in reserve’ / 70s Conservation Measures May Make a Comeback / Bush says US must prevent oil fields from falling into terrorists hands / President says pump prices may rise / The SWISH Report [satire] / Westfield blames oil / China And India: A Rage For Oil

Peak Oil Headlines – 2 September, 2005

French PM: “We have entered the post-oil era” / Lundin Petroleum CEO “very much believes in the theory of peak oil” / Hurricane Katrina gives us a taste of things to come? / September ASPO Newsletter / Oil and energy on BBC radio / Wind, Water and Oil / Speculative bubble this is not / Future of Energy in the US

Peak Oil Headlines – 1 September, 2005

Markets can’t create oil: U.S. needs a real national energy policy / It takes imagination to lead America / TOD: Insider report on Katrina damage to rigs etc. / The Era of Contingencies / Winning the Great Wager / American Scientist Online reviews The Long Emergency

Why high oil prices are a force for good

BRUSSELS During the first half of 2005, gasoline consumption in Germany and Belgium – and presumably in many other countries – fell by about 10 percent. We have not seen a drop like this for many years. It shows that the market mechanism continues to function as the most important regulator of supply and demand – and very speedily indeed.