While the effects on parts of the economy are a real concern, as well as military considerations, I absolutely couldn't care if the cost were $10 a gallon in order to secure our global interests.
This might have some interest for you. The consequences would be far reaching and could involve more than just the price of gasoline.
LOOKING AHEAD: OIL: By William F. Buckley Jr.
http://news.yahoo.com/news?tmpl=story&u=/ucwb/20050813/cm_ucwb/lookingaheadoil
http://www.freerepublic.com/focus/f-news/1462732/posts