Monday, February 20, 2006

Energy CEO's: no more cheap energy

More people in the know are realizing that the era of cheap oil is over. Reliance on unconventional sources like shale oil and oil sands means more production expense and higher prices. -- Jeffrey Goettemoeller
Chron.com | National Survey: Independent Oil & Gas Companies Strained by Staffing & Drilling Issues:
2/20/2006
"Several of the survey's other respondents made similar comments about the basic dynamics of the industry. 'The time has come to face the fact that there isn't any 'cheap energy' left to find and produce,' concludes Bob G. Alexander, CEO and president of National Energy Group, which is headquartered in Dallas. "

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