Simple conservation is never going to be enough; what is needed is recognition of the long term problem... not bland assumptions that technology and exploration will cure all.

Here's a tangental article that puts the situation in a different but very clear light:

OPEC may not be able to meet oil demands
Experts warn of an oil supply crisis in the next two decades

A rapid increase in demand by emerging economies, especially China and India, is responsible for the overall surge in global demand for oil, Herman Franssen, president of International Energy Associates, U.S., told AFP.

"Currently, five billion people in developing countries use two barrels of oil per year, while people in developed nations use 18 barrels per year on average," he said.

If the Chinese and Indians increase consumption from two to four barrels a year, that would cause global demand to rise 85 million bpd, which is the entire world production at present, Franssen said.

http://www.dailystar.com.lb/article.asp?edition_id=10&categ_id=3&article_id=18808

If we are "compassionate" in the way we go about conserving, and if we do it in a faith-based manner with strong attention to morals and values, then the higher powers (the markets) will provide ;-) (wink wink)
Step Back, we need to stay the course and we will quickly have this supply disruption in it's last throes. The American way of life is non-negotiable.
Well yes. As my good friend Rummy always says, there are the unknown things that we don't know that we don't know about and therefore we should not know about them. And his buddy George, is always stroking the bunny and saying: I appreciate that you appreciate that we all appreciate with great compassion what our faith based system of guberment will bring great good to those who appreciate being part of our ownership society and it is "important" for those who have suffered deeply to take "comfort" in knowing that we all appreciate that. It is "important" that ya all listen to your guberment officials. It is important to appreciate that.