When are the DUmbasses going to join the 21st century and get off that "peak oil" meme? Currently, the consumption of oil could double and we would still have enough known reserves to last two hundred years. As a bonus, new reserves are being discovered all the time.
Then there is my idea. We must begin cloning dinosaurs right away. If science can compress a lump of coal into a diamond, they can certainly squeeze oil out of a dinosaur.