China & India weren’t booming then. Don’t get me wrong, oil will probably drop—but to a still pricy $50-60/barrel instead of say $15 like it did less than a decade ago. Now, if all 3 countries go into recession (US, China, India), it may but I don’t think India will and China probably won’t although I don’t expect 10% gdp growth to continue.
Good points and 50-60 may even be a low. However, once the cost of green truly hits home, the more realistic usage of nukes, coal and natural gas will be so attractive to a strapped populace that the Gore push will be swept aside. (I think)