Higher oil prices will just make EV's and PHEV's more attractive. Ditto for biofuels. Transportation will be largely electric a decade from now. And,deep geothermal will provide most electricity in two decades. Oil companies will continue to dominate in energy, even when oil is no longer needed. They're best able to compete with deep geothermal. Chevron is the largest geothermal operator in the world.
Peak Oil: A Reality or a Lie? [View article]