http://www.worldenergyoutlook.org/docs/weo2011/homepage/WEO2011_Press_Launch_London.pdfThere are actually saying the US imports of Oil will DROP below Europe's imports by 2035 do to "More production and improve efficiencies". From other sources (including other EIA documents) little prospect of increase US Oil production over the next 25 years (More oil from the Alaska Wildlife area more then offset by further decline in the lower 48 states and the recent increase in off shore oil production in the gulf is expected to reverse within a few years). Thus the big "savings" will be increase efficiencies, but we are approaching some "walls" on that subject, i.e. Hybrids cost almost 1/3 more then a conventional cars, but what will their trade in value be when they are 10 years old? Most lower income people who drive end up driving 10-15 year old cars, which would be long after the batteries in most Hybrids would have had to be replaced (and at a cost well above the normal repair costs for a 10-15 year old car).
What will the Janitors, Cashiers and other low income people drive to and from work? Presently many are driving cars made in the 1990s. Will the Government increase Public Transportation so such low income people can get to and from their work in suburbia? (most such people live in the inner cities but work in the suburbs). Will employers make accommodations? Those question are NOT even being asked let alone answered.
I hate to say this but something has to give, and we will see it is the suburban malls first. The store owners of the stores in the Mall will complain and demand the Government do something, but then reject any realistic plan the Government comes up with (i.e. build public housing next to the mall so the workers can walk to work instead of driving, the Mall pay for 24 hour bus service so the night time cleaners can get to the mall and clean it at night or even just moving closer to where their workers live).
We are facing a mess, and hopeful thinking will NOT get us out of it.