What we have to learn now is how to control our consumption, so we do not go bankrupt from excessive fuel costs. The beautiful cars of the 50s and 60s disappeared when the price of oil became too high for people to afford to run these beautiful cars. we have cut back our use of plastics, the price of food goes up because the farmer must pay more for fuel to produce his products.
Commercially, a drilling rig that uses 1000 gallons of fuel per day will become more expensive to operate and the owner of the rig will need to increase his tariffs to cover the cost of fuel, Lubricants, and the oil based chemicals used to drill wells.
As the price of oil goes up the cost of living goes up, as well, for our families, etc., our businesses our homes and our transportation