Cries on hills
Join Date: Jun 2007
Location: Central NH
Bikes: 2007 Trek Pilot 1.2, 1995 Gary Fisher Avantage, 1985 Panasonic Sport 1000, 1969 Raleigh Sprite 5
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Price will just follow. It'll become cost effective to go after the non-so-easily accessible supplies.
I'm not wild about CO2 cap'n'trade; but it is a method of dealing with the problem. Capturing CO2 and pumping it into the ground seems ok for short term; that might be fine for helping to push out crude/natural gas, but I have to wonder about long term effects.
I still think biofuels are the way to go, but those have a long ways to go.