OGJ Newsletter

02/28/2005
General Interest—Quick TakesEurope sees growing diesel-gasoline imbalanceThe imbalance between growing diesel oil consumption and falling gasoline demand in Europe, which especially affects France, will increase under European Union fuels specifications, said Jean-Paul Vettier, president of Total SA's refining division.Tax differentials favoring diesel automobiles helped increase diesel consumption in France by 3.4%/year since 1996 and reduced gasoline use by 3.1%/year, with a 5% drop registered in 2004."For political reasons, there is little chance that taxation will change," said Vettier. Automobile manufacturers have cut their production of gasoline engines. Gasoline accounts...
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