I'm of two minds on this topic....
Good thing;
Cheap oil like the Saudis have is probably going to get extracted no matter what... Oil <$50/bbl means that as a percentage of our consumption we're using the cheap stuff far more than the more expensive dirty stuff. Tar Sands will also stay where it is until oil is >$100/bbl.
Bad thing;
It does make it slightly more challenging to sell people on not burning oil when gasoline is <$3/gal.
Good thing;
Cheap oil like the Saudis have is probably going to get extracted no matter what... Oil <$50/bbl means that as a percentage of our consumption we're using the cheap stuff far more than the more expensive dirty stuff. Tar Sands will also stay where it is until oil is >$100/bbl.
Bad thing;
It does make it slightly more challenging to sell people on not burning oil when gasoline is <$3/gal.