It puts a new curve on future oil returns, which means it will push oil companies to invest even more quickly into alternative fuels. Natural gas should be the darling of liberals as a transition away from coal and oil energy generation, but it doesn't completely match their mantra. Mass produced nuclear pods may yet become significant. Battery material shortages will hamper the U.S. due to environmental restrictions, at least until cheaper batteries made out of more readily available materials go mainstream - that will be the game changer and hurt China's returns on its cornering of rare earth elements.
Energy intensive industries (steel, cement) will taking a licking, too, I think.
RTR,
Tim