Re:Bull (Score 3, Insightful)

He means that a drastic supply shock, like the one being hinted at in the article, would have far bigger consequences than simply influencing people to not drive as much. What happens when they CAN'T drive as much because oil is so expensive? They won't be able to get to their jobs, get to stores, turn on their lights (remember, EVERYTHING runs on fossil fuels). Sure, we may eventually find a suitable substitute; but we don't yet have the infrastructure to supply wind/solar power to the country, much less the world. In the meantime, it would massively fuck up the labor markets and bring every single economy to their knees.