Chasing efficiency - clock is ticking on production peak

Chasing efficiency - clock is ticking on production peak | EnergyBulletin.net | Energy and Peak Oil News:
by John Funk & Chris Seper, Cleveland Plain Dealer -- 11/27/2005
"Frequent price spikes followed by temporary declines in the coming years could easily blind the public to what is happening, said James Halloran, energy analyst with National City Private Client Group in Cleveland. They will believe what they hope -- that the problem has been solved.

'Conservation is fine as long as you don't have to change your lifestyle,' said Halloran. 'What people want is cheap energy, and they will not change until they are forced to.'

Revisiting old oil and gas fields with new production techniques, drilling deeper wells, producing oil from tar sands and synthesizing motor fuels from natural gas could delay real shortages, he said, and maybe buy enough time for new technologies to mature."