I completely agree that mainstream news has already begun to reduce Katrina coverage, but you have to understand that, being mainstream, they were primarily concerned with loss of life.  Now that it's clear that there won't be many deaths, they're switching to property damage stories.

However, on ROBTV, a Canadian business television channel, the focus is completely different.  Katrina and oil prices are most of what they're talking about.  Maybe that's a little strong.  Katrina and oil prices are being related to everything else that happens in the markets.  Among other things, they've broached the possibility of a gasoline shortage because of Katrina and understand that it may take weeks to get everything back online.

But honestly, if I want coverage of world events, with an eye towards the coming energy shortage, I come here first.

Actually, I just wanted to correct myself.  I just watched a Katrina segment on CTV NewsNet (a mainstream 24-hour Canadian news channel) and they followed it with a few statements about a rise in the cost of consumer goods.  So maybe they are starting to see the bigger picture.

As it should be, the focus is definitely on New Orleans and the developing humanitarian crisis.  However, most of the morning/evening/late news doesn't seem to be pushing much beyond that.

Maybe Katrina will be the event that triggers a mainstream interest in peak oil.