If crude oil were to triple in price I think we might have bigger problems. Also I think hitting those price levels is unlikely in any case. Apart from hyper inflation. The consumption would be lower so price would be too.
Unless we end up with refinery bottlenecks (like we more or less have now) or political incentives (although the odds of that seem alarmingly low at this point).
> The consumption would be lower so price would be too.
Is this expected to hold as oil usage drops over the next century?
My point is that there is relationship with price and consumption. If the price rises too much people will either look for alternatives or reduce use. Thus prices might not rise that much.