We adjust to higher oil prices, like we live in a market economy or something!

ARTICLE: "U.S. Retools Economy, Curbing Thirst for Oil," by Justin Lahart and Conor Dougherty, Wall Street Journal, 12 August 2008, p. A1.
Nice start:
The U.S. economy is starting to figure out how to curb its legendary appetite for energy.
Consumers are buying fewer sports-utility vehicles and more energy-saving washing machines. Some trucking companies have rejiggered their engines to max out at lower speeds. Gridlock is easing in California. Americans drove 966 million fewer miles in May than they did a year earlier, a 3.7% decline, according to the Transportation Department.
With shipping costs surging, companies are rethinking overseas production, slimming down packaging and retooling distribution networks.
Sounds like the frickin' End Times to me.