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

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.