and yours...
As on the other threads, oil at $300 = world economy STOPS.
The SWHTF before that. With crude at $300 fuel in most of Europe will be around $30 - $35 a gallon. In other words too much. Here in the US that will have diesel at $10 to $12 or more. And that is simply too much.
The cost of fuel to move goods around will be so far out of sync with the rest of the business model that everything will just stop moving. No food delivery, no medical supplies, even the fuel itself, etc. When that starts to happen, the liberals/socialists/communists will demand emergency procedures and the enviro-whacks will be dumped by the commies around the world.
Then drilling, pumping, uncapping and new exploration will get kicked into high gear.
With everything coming to a halt, how would drilling, pumping, uncapping and new exploration will get kicked into high gear. Hmm? Rommel couldn't overcome his supply lines, his war failed utterly.