Well, like I said in the above post - screw them. There are some alternatives that we, as the consumers, can use without 'inconvienencing' ourselves. You can set up a biodiesel still in your garage, do the brunt of your driving in a vegetable oil powered car, etc.
Of course, absurdly high oil prices will trickle down into everything else we buy - and of course salaries wont rise to compensate. And most of the people in America will be poor and pissed off and the other 10% wont give a **** that oil cost so much because a.)They can afford it, and b.)They're raking it in by gouging the consumer.