It's a very dangerous attitude -- we need to use what's left of hydrocarbon fuel to bootstrap new energy while we still can, and have the luxury to afford to experiment.
I forget where the quote is from, but as has been said: "The definition of modern agriculture, is that it is a way to transform hydrocarbons into carbohydrates.". Unless we do something soon, running out of oil, will mean running out of food. We need it for tractors, and for modern fertilizers, for irrigation -- and for transport of food.
Oil (and coal) is cheap energy, because it's basically just laying around, waiting for us to burn it. It's grown harder to get -- but it is ridiculous to wait around for other energy to "become cheaper". If we don't make an effort to change the entire infrastructure the world runs on (quite literally) -- what will happen is that oil will become as expensive as "green" energy -- not the other way around.
And that is of course ignoring all the problems hydrocarbons leaves us with, in the form of various forms of pollution. That we'll have to clean up and/or deal with without cheap energy.
But I think it shouldn't be looked at in that light. The US government claims we, as a first world country, have the responsibility to protect those less fortunate than us. While that line is normally used to justify wars in far off countries (that just happen to be oil-rich), things like this are what I think of. Besides, it's not so much the pollution the US generates that scares me. It's places like China (or the next country that suddenly finds itself in a rampant industrial age) that scare me. Global pollution does not respect political boundaries.
So yeah, this will be more expensive at first. But the research needs to be done before it will get better. Somebody has to take lead so it can be ready by the time more 3rd world countries get "uplifted".