The world is going short on sufficient oil production-really!

摘要

Experts at Deloitte's annual oil and gas conference in Houston recently agree there is a global decline in oil production,while they disagree on the severity and timing of the matter and ways to solve it.They are all certain higher prices are here to stay and say these prices are necessary to force governments and the energy industry to drill more wells and do more research on alternative fuels.The most pessimistic of the experts,Matthew Simmons,head of Simmons & Co.International Houston,frequently warns about the dangers of peaking oil production.