You know, all of this talk about Oil… I heard it before in my life… about 30 years ago.
Massive inflation on EVERYTHING in double digits (not just food and fuel), massive price run-ups in the cost of gasoline, we even had rationing back then (you could only buy fuel on certain days based on your license plate number).
We have had more than 30 years from our first warnings about this problem. In the interim we have done nothing except ignore the problem.
Perhaps we NEED these massive price run ups… hell we probably need the cost of gasoline to at least double AGAIN ($8.00 gas?) in order to actually have some REAL action taken to solve this problem PERMANENTLY.