No Growth in Oil Production for 7 Years - Will Alternatives Arrive Soon Enough?

``What the U.S. Energy Information Administration, which is the statistical arm of the U.S. Department of Energy, used to call "total oil production" has now morphed into so-called "total liquids production." It's a tacit admission that conventional oil supplies cannot meet all our needs. But even total liquids production--which includes ethanol, biodiesel and natural gas liquids--has moved up only a paltry 2.6 percent during the entire period from the end of 2005 to today. Hence, the continuing high prices for liquid fuels.''