Atlanta Journal and Constitution (GA)
Copyright 2005 The Atlanta Journal-Constitution
September 3, 2005
Section: Business
KATRINA AFTERMATH: Spotty gas supply to continue Governor orders relief from taxes to cut prices

[quote]Matt Simmons, a Houston-based investment banker in energy, worries that the good news is superficial, and will drive Americans back into complacency as energy resources dwindle.

After more than two years of research for his recent book, "Twilight in the Desert: Pending Oil Shock," Simmons concludes that the world's oil production has reached its highest point.

His tri-fold message is: open restricted oil fields, including the Alaskan wildlife refuge; conserve existing supplies; and look for energy alternatives, including nuclear, wind and solar. He said he hopes Americans don't sleep through Katrina's wake-up call.

"We're going to have to get used to paying realistic prices for our energy," Simmons said. "I think the quicker people start to realize that we've ended a very long era of inexpensive energy, the better off we'll be."[/quote]

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