NJ5 said: "When the U.S. starts shifting away from oil" U.S. demand for oil has already fallen due to high prices, but I don't think it was a permanent change... Since prices already went down a little, people will forget about conservation and will keep guzzling gas. The recession should also be mentioned though, and this is something that can defniitely put a dent in oil demand due to slowing businesses and people getting poorer.
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He was asking about long term, I think. It wasn't very clear. I meant 20 years from now if we shift to a new technology.
I would cite regulation, but I know you will simply ignore it.