Part of the equation concerns the ability to refine crude oil, the rest mainly concerns where we get it.
Oil will balance on a supply/demand basis, at whatever price it reaches, and I anticipate a modest continued increase if there is no panic inciting incident, say $65.00/bbl.
Enough of the MSM whining about "BIG Oil".
Current prices are sufficient to let the average schmuck realize that we had better drill for our own oil, refine our own, and look for some alternative sources of energy. If that means relaxing some of the environmental demands of special interest groups, the average person will say "So be it."
Those prices are also sufficient to stimulate domestic oil drilling activity and we may see an increase in the number of available onshore (and offshore) drilling rigs in the near future.
We will probably not see a 'boom' the likes of that in the late '70s/early '80s because bankers remember the bottom can fall out, and they got stuck last time (which is why nearly half of the drilling rigs in the world were sold for pennies on the dollar (and many cut up for scrap) in the late '80s).
We may all ask ourselves " Is this trip really necessary?", and may change our driving habits somewhat, and there may be a shift back to city living as neighborhoods are retaken by middle class ex-suburbanites looking to save money on commuting. Political pressure, tax breaks, renaissance zone incentives, urban homesteading and the recent SCOTUS decision may factor in on any urban renewall there.
So, there will be 'enough' oil, we just might not like the price.
"By George! I think you've got it!!!"