Once oil becomes economically stupid to continue to consume, youll see more hybrid/electric/whatever cars on the market. Businesses will do whatever makes them more money, and if oil becomes so high in price that alternatives are more lucrative, we'll see a transition. Currently, its economically stupid to just shift over entirely to hybrid and electric cars and if the government tries to force that on people, youll probably see a far worse recession.
Im not really worried about it. Besides, if we could get these greenies from preventing us from drilling in so many places the problem would be far less and we wouldnt have to depend on the middle east quite so much.
|