Having kids who I am borrowing the planet from, I am happy to change my life or pay more to reduce my petroleum consumption as close to zero as possible. Oil can go to $200/barrel, even more. Does it suck the entire species has been borrowing on energy credit for the last 120 years? Absolutely. Junkie has to kick a habit eventually if they want to survive, and we as a species are a junkie addicted to cheap fossil fuels, and withdrawal is going to be admittedly painful.

Business as usual is just not an option, and the cost of everything will rise as energy deleveraging occurs and the true costs are paid. And so, again, I support whatever mechanisms have second order effects of destroying demand for fossil fuels.