One last binge of what?
Tobyhill is obviously one of the "Peak Oil" advocates and ignores all the new discoveries and new methods of drilling that have become available lately. He is saying that if we increase production shortly we would run out of oil and then prices would sky rocket. This attitude totally ignores the facts and relies on the old "The Sky is Falling" theory.
Most likely tobyhill is a greenie and simply thinks he is a conservative or else he is a troll. I think the former, that he is in reality a liberal who actually believes he is a conservative.