Curbing consumption: the price of oil and gas supply gaps

HOUSTON, TX – As long as energy prices remain affordable for the general public, who needs to be concerned about depleting oil and natural gas reserves? That’s a dangerous attitude to have in today’s energy environment, suggests the Association for the Study of Peak Oil & Gas (ASPO)-USA.

ASPO’s 3rd Annual World Oil Conference is at the Hilton Americas in Houston Oct. 17-20 and Honorary Co-Chairman and energy industry veteran Henry Groppe of Groppe, Long & Littell says the prospect of implementing price rationing to allocate constrained supplies isn’t well understood.


“We’re witnessing an unprecedented event in world economic history,” Groppe said. “Oil production is stronger, meeting demand at a time when China and India are developing huge consumer classes overnight, and thus creating a vastly increased demand for energy.”

Leslie Haines, editor-in-chief of Oil and Gas Investor magazine and conference sponsor, said the Peak Oil topic is one of the most significant issues facing the energy industry today.

“We think the Peak Oil topic is the most important long-term topic in our industry,” she said. “Investors, oil and gas companies and the general public need to know more about how it will affect them.”

OilOnline