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Herm, sure. Now since energy prices are directly linked to the price of almost every good and service, how does massive inflation and unemployment, basically another "great depression" grab you?
It's more than the loss of soccer-mom SUVs. Think about the use of oil in, say, bringing everything together for your lunch-time BLT. Name a few products that don't include trucks somewhere in their lifetime. Look around you - everything in your field of vision required oil either to produce or to get to you. The use of alternative sources will lead to an immediate doubling of that cost which is passed along to you in the price of everything you buy.
Conservation? Sure, that will mean 95% inflation instead of 100%. It's important but it's not that big of a solution.
And what would you like to have happen to the political will to drill at ANWR? Double gas prices and watch the public head north with picks and shovels.
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