Need I say "good"?
From a strictly competitive point of view...
When the price gets high, only those economies (capitalist) will be able to compete for the comodity - this will either cause the non-capitalist states to change their system or do without.
Your statement is exactly what I meant when I said "running out of oil" makes no sense if you understand economics. New oil DOES get more expensive, but if the price supports it, the development will happen. And, we know, competition in development brings prices back down.
Agreed.
And btw, we have 1.5 *TRILLION* equivalent of oil shale in the Rockies. We will never run out of the stuff and free market capitalism could extract it at $50/barrel or so.
So we win ... if only the politicians would *let* us win.