Not probable.
The economy will collapse long before that happens.
The economy will falter at $4.00 a gallon or about $120 per bbl. Only hope and the fact that we have seen this before will sustain us at that point. it will not be so shocking as it was in 2008.
Between $140 and $150 or around $5.00 per gallon it will be summer of 2008 all over again. This will be a new shock.
My son and I took a motorcycle trip that July 4, 2008 and all I can say is that it was downright spooky. We went right through the heart of the Missouri and Arkansas Ozarks, right through the lakes where normally the roads would be packed and the lakes would be like jacuzzis. There was hardly a soul on the roads or the water.
Food is skyrocketing, oil going up due to a cutback in OPEC operations, speculation, and drilling halts (EPA, BLM, etc). Coal mines are being shut down. All at the green altar.
If you want coffee, etc, better stock up. Gonna get expensive.
Because of Bush, Obama had to outlaw drilling.