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If there is a drastic cut in demand for oil, or rather gasoline in the next 10-15-20 years then I hope those oil companies don’t sit on their laurels and just watch it happen.
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actually this is the prediction of shell oil. that gasoline will fall off sharply starting about 2035-2040
http://gas2.org/2013/11/07/shell-lays-predictions-future-energy/

I think it will come sooner. Maybe starting around 2025. the tell will come in 2016. if tesla is able to produce an electric car that can go over 200 miles on a charge for 30k—then the volumes will start to ramp. but it will still be 10 years before they even get 5-7 percent of the automobile market.

That's when the Thorium reactors come in handy for they would really open up the real electric 2nd industrial revolution.
I have no problem with using or having a electric car so as long as I can afford it and it's practical.
Right now electric cars are only practical in urban areas.
Get it down to where it only takes a hour to charge, for that's the average time most people shop at a mall and a full charge gives you over 200 miles.
Have no problem with a hydrogen economy either.
Have to get people truly educated with the facts about hydrogen instead parroting the ignorant sayings of those who fear hydrogen.
Hydrogen is about as safe to use in a car as LP or natural gas.
If hydrogen is stored in a strong tank and handled correctly it is safe.
Besides they have done accident tests with hydrogen and it is proven that hydrogen is even safer in a accident than gasoline.
Hydrogen is dissipated faster into the air than gasoline therefore safer for the occupant if there is a accident.
Gasoline tends to gling or stay around a while like napalm.
The truth is ? on the Hindenburg ? the material that they used on the outside of the dirigible was also flammable.
Yes Hydrogen is very explosive and flammable but it got a bad rap from the Hindenburg accident.
Check out Roy McCalister's videos Hydrogen 101.
He makes a good case for a hydrogen economy.
They even use hydrogen in Hong Kong as a cooking gas.
Did you know ? the exhaust from a hydrogen burning engine or stove is harmless ?

These big oil companies need to invest in and spend reseach money on Thorium reactors and Hydrogen.
Partner with the big companies that build the current Nuclear reactors like G.E., Westinghouse, or electric giants like Siemans.