Don’t blame Opec


Hurricane Katrina has not brought the best out of our politicians. The post-Katrina period has demonstrated their lack of understanding of the oil industry and its price drivers.

The price spike produced by the storm should be a wake-up call on the vulnerability of the industry to natural events – of which we are warned to expect more – and the consequences of spiralling demand. It has provided the opportunity to refocus on global warming issues and bring in measures to curb demand.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: