Cheap Oil May not Return

WorldOil.com - Online Magazine Article: Special Focus - Dec-2005:
by Dr. D. Nathan Meehan, President, CMG Petroleum Consulting Ltd.
"More and more, our forecasts show only decreased decline rates and 'dragging out the tail,' as increasingly detailed analyses integrate real-time monitoring, intelligent wells and other advanced technology in place in the fields. The easy pickings are long past, and almost all of what once were marginal projects have been completed. We are helping not only independents, but majors and NOCs, pursue projects with ever-climbing costs per barrel and increased risks. "