You can insert the image using wrapfig, and adjust the left and right margins through modification of \leftskip and \rightskip.

\documentclass{article}
%\usepackage{graphicx}% http://ctan.org/pkg/graphicx
\usepackage[showframe]{geometry}% http://ctan.org/pkg/geometry
\usepackage{wrapfig}% http://ctan.org/pkg/wrapfig
\usepackage{url}% http://ctan.org/pkg/url
\usepackage{lipsum}% http://ctan.org/pkg/lipsum
\begin{document}
\lipsum[1]
\addtolength{\leftskip}{5em} \addtolength{\rightskip}{2em}% Adjust margins
% \begin{wrapfigure}[<number of narrow lines>]{<placement>}[<overhang>]{<width>} <stuff> \end{wrapfigure}
\begin{wrapfigure}[6]{l}{5em}
\rule{5em}{4\baselineskip}% place your image here using \includegraphics
\end{wrapfigure}
\noindent You can draw graphics directly with TeX commands using the \verb!tikz! package:
\url{http://ftp.dante.de/tex-archive/help/Catalogue/entries/pgf.html} It comes
with very good documentation with many examples.
You can draw graphics directly with TeX commands using the \verb!tikz! package:
\url{http://ftp.dante.de/tex-archive/help/Catalogue/entries/pgf.html} It comes
with very good documentation with many examples.
\addtolength{\leftskip}{-5em} \addtolength{\rightskip}{-2em}% Restore margins
\lipsum[2]
\end{document}
If you're after modifying the margins of the actual image that you included, you need to modify the parameters of the wrapfigure environment:
\begin{wrapfigure}[<number of narrow lines>]{<placement>}[<overhang>]{<width>}
<stuff>
\end{wrapfigure}
Increasing <number of narrow lines> will push the bottom further down, while increasing <width> will push the right margin further in.
For completeness, I've included lipsum for dummy text as well as url since you had an URL in your MWE. geometry (with the package option showframe) was also included to show the margin adjustment with respect to the other document elements.
wrapfigpackage or thepicinspackage. – Werner Oct 20 '11 at 19:20urlpackage to provide you with a consistent format:\url{http://ftp.dante.de/tex-archive/help/Catalogue/entries/pgf.html}– Werner Oct 20 '11 at 19:35