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Five Articles on Oil Prices

29th May 2008
A selection of news stories and comment pieces on the turbulence in global oil markets and the economic consequences. I particularly enjoyed the piece in the FT today about a possible destruction point for oil consumption, aka a tipping point when actual and expected prices going forward are so high that there is a clear momentum away from using oil and an increasingly desperate search for fuel efficiencies and substitutes.
Independent - Hamish McRae
Crude prices may have peaked but developing countries hold the key
Guardian
The end of the budget airline
Telegraph:
Asian countries begin to burst the oil bubble
Financial Times
All eyes on oil barometer as ‘destruction point’ looms
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