Quote Originally Posted by MacClyver View Post
Some countries are pledging to ban gasoline and diesel in the next 10 years. While that'll reduce demand it also reduces the economy of scale of the oil industry. Oil Producing nations see this coming but currently still are pumping to support their oil biased economies. Once they can shift away to new sources of revenue locking down and minimizing oil exports isn't unthinkable. Then in 10 years we'll have different people in government who hopefully won't be ambivalent or openly hostile to the thought of the fact which is climate change.

What was gas right before the Great Recession like $4.20 a gallon? Consider inflation by 2030 that's around $6, add in a late 70s style OPEC export cut... $10+ per gallon won't be unreasonable.
Very well put.