As the price of oil goes up, alternatives for the various uses of oil will appear. There are plenty of those already, they are just not economically viable. At

As the price of oil goes up, alternatives for the various uses of oil will appear. There are plenty of those already, they are just not economically viable. At the same time, everything is still getting cheaper and we are faring better and better. I don't see why the net result couldn't be a switch away from oil that takes a few decades, without our (increasing) wellbeing being jeopardized.