Yes, eventually, we will have a president who understands that we need as much oil as we can get, at any price we have to pay. Heck, if fracking for natural gas has been so good for our aquifers, why not jump in with both feet and grab that oil? No thank you. I prefer my water unflavored and non-flammable.
The point somehow is sadly missed that extraction of every last drop of oil may not be a goal for which we should be striving. Yes, we need a transition plan, and fossil fuels will be a part of that plan. In these decisions we make today, will we consider only our immediate easiest path, or what we're leaving for the next generations, e.g., polluted aquifers, dead rivers and seas, and disrupted climates around the world? Burning all the fossil fuels we can find for our immediate needs, and leaving future generations screwed is completely immoral.
Buckminster Fuller likened our foundational use of oil instead of renewable energy as equivalent letting our abundant (solar) paychecks fall on the ground while we live high on our savings. We should instead be using that savings to switch foundations and begin living on our abundant daily paychecks.
My prediction is that we will not figure it out in time because we'll be unwilling to get out of our comfort zones. We will instead follow a classic overshoot and collapse systems pattern that is enabled by delayed feedback loops, and reinforced by masking the true cost of using fossil fuels. We needed to get serious about renewables decades ago. When dropping supply curves and rising demand curves cross, prices won't be changing incrementally, a few cents at a time. It will mean sudden, dramatic, and far greater oil price increases than most people would every dare to imagine. The economic carnage of delaying will make the cost of doing it now seem like the missed opportunity of the millennium.