Summarizing the Oil debate

Robert Feldman of Morgan Stanley GEF takes a shot at explaining that the oil debate may be converging towards the following:

Develop fossil fuels, research alternative energies, push conservation.

I think that this is a good summary. If I were to prioritize, I would place conservation on the top of my list, followed by developing liquid fuels (not necessarily just fossile, could be biomass), and yes not ignore the long term and invest in technology development for the future.