We have plenty of coal and the cost per KWH with coal as opposed to wind or solar is not even close. The facts are of course we have mountains and mountains of coal....so the supply is cheap and so is the conversion to electricity. NEXT!!!
The way to reduce the price of oil is to INCREASE supply, not lower it. There is NOTHING waiting in the wings that can do the heavy lifting without oil. That's a FACT.
yes, we have oodles and oodles of oil, and they are finding more every year. there were over 200 discoveries of oil alone this past year.
The idea that oil has peaked is a bad theory based on OLD science. No other country is slowing down their developments. Who do you think will pump oil out of the Arctic safer.... the USA or Russia? Think about it before you cave on all of the resources.... they will be pumped...by others. Others who care much less about the environment.
Big Oil despite the media spin has an EXCELLENT track record..... Russia sure doesn't. So do you care about the environment? reallY?
Reducing demand will drive the prices up up up.... big oil doesn't SET the price of imported oil and since the usa in ur scenario will be dropping demand, it won't have a big effect on global demand. China now drives the price of oil. they SCOFF at the environmental movement. they are either finishing or building a new coal plant every 10 days.... 10 days.
There will be a time in the future when you are unable to keep up with ur energy bills....you will think, where did the USA go wrong? This day is as good as any to mark on ur calendar to remind urself later.