Not if (as is currently happening) a billion middle class Indians and Chinese want the same lifestyle as we enjoy (currently 1% of Indians own a car but this will change that Tata launches world's cheapest car - ABC News (Australian Broadcasting Corporation)).
Petrol is already US$5.50 / US gallon here and much more in the UK.
How do you feel about US$20 / gallon or higher in 2-3 years?