Tomorrows archaeology today: Find this post 20 years from now. Oil will have lost most of its value as it will no longer be being used as auto fuel. 1904 was a bad time to invest in a new buggy whip factory or to start worrying about the long term effect of whaling on international politics.
Perhaps there's something to that, assuming the electric commuter vehicles can be made with decent range and a sub-$20 sticker. Oh, and switching all the light bulbs in the country to LED and all the TVs and computer monitors to flat screens is not going to save enough electricity to power them all.
We’ll probably be powering vehicles with liquid fuel or methane for a long while to come, if not all of them directly, the rest of them indirectly.
http://www.google.com/search?q=engineering+explained&tbm=vid