The graph suggests strongly that in the worst case the price of oil will rise in a slow and predictable fashion Um, no. No, it doesn't. The gap between decreas

The graph suggests strongly that in the worst case the price of oil will rise in a slow and predictable fashion Um, no. No, it doesn't. The gap between decreasing production and increasing demand will widen not nearly slow enough to come up with and implement alternatives on the almost unimaginable scale that will be needed. Furthermore, demand for oil is very, very inelastic. That means that the price will increase very fast, even for a small gap.