Sooner or later cheap oil will be depleted. The price of oil will increase. The question is when.
Bingo. Market forces rule. When they don't, massive dislocation and suffering result. There is no bureaucrat, visionary, or dictator who can better allocate resources than millions of individuals making free choices in in a free market.
I will accept only argument from someone who can refute Hayek and Friedman. Fire away.