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.

Environment Headlines – 31 August, 2005

Shrinking La. Coastline Contributes To Flooding / Storm Turns Focus to Global Warming / Republicans accused of witch-hunt against climate change scientists / Welcome To A Warming Planet / Arctic Meltdown / Plastic bags banned in Bombay / A million species live in just a gram of soil

Politics and Economics Headlines – 31 August, 2005

News and analysis on Katrina, oil supply from The Oil Drum / Oil prices hit new high / IEA – Europe may send oil stockpiles to US / Another Storm Casualty: Oil Prices / Iran’s oil gambit – and potential affront to the US / Ecuador’s oil workers threaten to resume strike / After oil protests, Ecuador instability may deepen / CAFE Society –
Fuel-efficiency standards wont cut gasoline consumption / Deliver Us from Oil / Drivers using plastic to delay the oil price pain

Solutions and Sustainability Headlines – 30 August, 2005

If Your Home Utility Bill Is Zero, Is It Still a Bill? / Grist interviews Local food ambassador /
New blog on sustainable farming / Spain Aims to Double Energy from Renewable Sources / HopeDance Magazine – Issue #51 July-August / Lemmings on the Ledge / The Lifestraw water purifer / New stove Clears Air, Cuts Chores in Eritrea

Politics and Economics Headlines – 30 August, 2005

Venezuela to Provide Discounted Heating Oil and Free Eye Operations to U.S. Poor / Phillipenes mulls ‘coercive powers’ for energy crisis / Time to worry about oil / Gold Rises in Asia as Surge in Oil Spurs Inflation Gain Concern / Blackout a call for energy plan

Peak Oil Headlines – 29 August, 2005

Oil’s Peak: The End May Be Nearer, It Seems / Peak Oil Debunked? / Big Gav’s Peak Energy News Roundup / WHRW Interviews Julian Darley / Jan Lundberg talks about peak oil & gas prices / James Howard Kunstler interview with Robert Birnbaum / Matt Simmons with Lou Dobbs on CNN / Green Car Congress monitors energy issues / A Peak Oil Primer / Gulf Oil Supply/Katrina Weather Map Update /