In reply to John Wood:
> The world needs oil to get gradually more expensive.
Unfortunately it's seems its not going to be that gradual.
And for the world economy to carry on growing it needs an ever increasing energy supply. China is going for a dirty option. No doubt other countries will be forced to follow to remain competitive.
As the recession starts to bite, unemployment rises, wages fall, I think governments will give these issues priority over longer term worries like climate change.