Here’s some thoughts from people interviewed about high fuel costs in Europe from a recent article in The International Herald Tribune

“This concerns everyone who drives,” Schneberger said. “And that makes a lot of angry people.”
…
“Crude was our life and we didn’t know that everything depended on it,” said María José Aragón, a 56-year-old government worker in Madrid. “Groceries have gone up 20 to 30 percent. A loaf of bread that used to cost 30 cents now costs 55 cents.”
…
“The prices are nightmarish,” said Arutsun Hachaturyan, the manager of a jewelry business, who said he pumps about $1,200 in gas a month into his black Range Rover. “This is Russia,” he said, while filling his tank at a Moscow gas station. “We live on oil.”
International Herald Tribune, Social pain of rising fuel costs spreads in Europe, May 29, 2008

At some point, who knows when, who knows how it will happen, governments are going to have to start understanding that our population depends on the oil that has now peaked. The adjustments will not be trivial. How will they explain this reality to them? The premise was that everything depends on cheap oil, and that premise is fast proving itself to be correct. And Europe is far better equipped to handle high fuel costs than the USA.

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