Short answer is: Doesn't matter and yes we can survive it.
The United States oil reserves are near full capacity. Once the oil companies learn how to charge people for alternative fuels, I'm sure we will be seeing those types of "breakthroughs" in technology we all desperately need and want.
The United States oil reserves are near full capacity. Once the oil companies learn how to charge people for alternative fuels, I'm sure we will be seeing those types of "breakthroughs" in technology we all desperately need and want.