Choco, I do understand economics so that is why I made that statement. There are cases where demand is greatly reduced, so that price will fall, that is the point of technological innovation. You don't see a lot of demand for typewriters these days do you? I don't have an issue with windmills, nuclear, natural gas, solar, hydro, or whatever form of energy you wish to use to replace oil, as long as you are willing to support it and don't ask me to do so against my will. If battery technology improves then we will have more electric cars like those being produced by Tesla, or we could have vehicles run off of natural gas, which is a concept used in some cities for fleet vehicles. I am sure that with an increase in hybrid technology similar to the Prius, we will have vehicles that routinely get 100 mpg. I often thought as a younger person that commercial trucks with solar panels on the roof of the trailer and a large battery underneath might someday be a possibility.
I am not in the business of arbitrarily picking winners and losers and I think the government would be best following a similar path. Taking the chicken little "the sky is falling" approach to oil (or any commodity) isn't going to change my mind in regards to bad government spending. BTW whatever happened to the progressive wonder called ethanol? How did that boondoggle turn out?