If each continent were energy self-sufficient, the price of energy is likely to stabilize, although probably not go down a great deal, since the new methods inherently have a higher cost of production.
What it will do is neuter the Arabs. Their power came from their potential ability to shut the oil off, not so much because of the high prices.
It's carbon neutral to boot, so the greens are (for the moment) neutralized!
Nope, it isn't. Nat gas is lower carbon not carbon neutral. It releases roughly 50% the carbon of oil or coal, as I understand it, for an equivalent amount of energy.
Sorry, poor choice of words, not carbon neutral, but approaches it better than any other source of viable energy. My understanding is less than 50% carbon emissions of the cleanest oil burning technologies. I don't believe the carbon garbage in the slightest, but it takes away much of the watermelon argument against it as an energy source.