I doubt it will have much of an impact. The prices continue to rise while oil companies boast record profits. A commodity is only worth what people are willing to pay and Americans seem to be willing to pay whatever it takes to drive their precious gas guzzlers. Personally, i am trying to ween my family down to one vehicle and utilize a bicycle whenever possible.
OPEQ will soon get off of the US Dollar as the standard for oil purchases. This will crush the US because, really, this is the only power that the USD still has. People are still waiting for the wars in Iraq and Afghanistan to lower oil prices. Actions such as those in Libya have been used for over a century by powerful governments to secure corporate interested; China, Nicaragua, Panama, etc. I agree with nightwok4 that if prices go down, we may never learn our lesson. Alternative energies must be pursued if this planet is ever going to be able to sustain 10 Billion people (projected by 2050).