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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

I consider WFB to be among the 5 or 6 people on earth I find at all interesting, if only for his vocabulary and his hybridization of the 19th and 20th centuries into one romantic poem. (My other handful of interests just happen to be attractive young women...)

Though oil is a primary manufacturing base for chemicals and raw materials, he also cites the author's examples like this-

"Suddenly forced to pay double for a gallon of gas begin to brown-bag their lunches, inching away from restaurants and sandwich shops."

- apparently not seeing the benefits it brings to the brown paper bag industry. So referring back to my point, it is mainly luxuries that will suffer - besides the small detail of fueling our Army, Navy, and Air Force.

I am of the shameless opinion that "luxuries", in 2005, are largely wanton, wasteful, sinful, spiteful, obnoxious, liberal (to be redundant) items that I would gladly see gone from this land.