Clock is ticking on production peak, experts say

The high energy prices that have put this year into the record books have also fostered the rebirth of a concept most Americans aren’t comfortable with — conservation. This time it’s not just about sweaters and fireplaces. It’s about energy efficiency. And it’s hot. Homeowners are bulking up with extra attic insulation and talking about setting their thermostats lower. Motorists are downsizing or at least thinking about it.
Oil and gas producers are using new technologies to pull crude and methane out of old fields or coal seams. Startup companies are making natural gas and diesel fuels from coal, methane from biomass, hydrogen from water, and ethanol from corn and now, even straw. Wind and solar companies are optimistic as never before. And car makers are designing and producing hybrids, dual-fuel gasoline-ethanol cars and even fuel-cell-powered vehicles. What could go wrong? Energy prices could plummet. That would kill off promising new technology companies, eradicate sentiment for more efficient cars and homes and return the nation to a life of energy gluttony — until the real crisis arrives.

Cleveland Plain Dealer