One takeaway I got from the oil uptick a few years back (~$150/barrel, if I recall), is that people will change their behavior. In 50 years, driving habits cont

One takeaway I got from the oil uptick a few years back (~$150/barrel, if I recall), is that people will change their behavior. In 50 years, driving habits continued trending up and up, but in that time people actually drove less. It doesn't take a genius to figure out what that means. They actually changed their lifestyles to accommodate the pinch they felt. Carpooled. Took fewer road trips. Consolidated trips. And it wasn't even an issue of shortage; it was purely speculative increases.