Higher prices tell consumers to use less oil, and producers to go find more.
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We're actually importing less oil as a percentage than any time in the last 16 years.
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CO2 injection is what you do when an oil field starts yielding progressively less oil.
"High oil prices are going to make people use less oil, pure and simple, " Pizer says.
The economy as a whole runs more efficiently by using less oil and producing less pollution.
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Software, consultancy and mobile telephones use far less oil than steel or car production.
Its domestic fields are said to be declining, spewing up less oil and more water.
We would be able to export much less oil than we would need to power our economy.
With domestic consumption climbing and production falling, these countries have less oil available for export every year.
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Not only is the US producing less oil than it has for forty years, it is employing fewer people.
And that means making cars and trucks and buses that use less oil.
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The region holds less oil than Iraq's south, but the production-sharing agreements on offer to investors are far more enticing.
As you can see from this chart, yes, the UK does use a lot less oil per head of population.
And today we import less oil than we have in 20 years.
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Using less electricity, using less oil or using less water helps keep operating costs lower which allows Wal-Mart to keep prices down.
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The world economy is much less oil-intensive than it used to be.
If you shampoo less often, your scalp will gradually produce less oil.
Though Syria produces far less oil than Libya, for example, violence in Syria could affect global oil speculation and prices, Leverett said.
Using less oil also means our cars will produce fewer emissions.
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We need to invest in the technology that will help us use less oil in our cars and our trucks, in our buildings, in our factories.
Volumes may fall low enough to halt operations by the middle of the next decade without an expensive modification of the pipeline to handle less oil.
It is equally axiomatic that, no matter what we do, we are almost certainly going to have less oil than we need, certainly at prices we can afford.
And that's why the consumption has been so high, and that's why it's such a problem that Exxon Mobil produced less oil in 2005 than it did in 2004.
And that is why we are helping companies like this one right here and plants like this one right here to make more cars and trucks that use less oil.
Both BP and Shell, for example, reported recently that they produced less oil in the third quarter of this year than they did in the same period the year before.
The last car in the timeline is now a 2002 Toyota Prius hybrid, standing in for the latest efforts by the auto industry to answer the call to burn less oil.
The world is using less oil today to generate electric power than it did in 1973, despite output almost trebling to 17.5 billion watt hours of electricity, from 6.1 billion WH.
So as we replace oil with fuels like natural gas and biofuels, we can also reduce our dependence by making cars and trucks that use less oil in the first place.
But burning less oil to keep air cool so ice stays ice and the seas don't warm is too expensive and roundabout a way to meet the danger, Mr Mendelsohn thinks.
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