Replay of the 1970s? Oil price increases = electric bill increases

Interesting correlation: In the 1970s, oil-fired power plants rightfully had to increase their prices. The OPEC-led oil embargo caused our home heating bill to rise. It seems the EXACT SAME things are happening today:

=> Republican President
=> Unpopular (unjustified?) war
=> Oil price spike
=> Electric bills increasing

I wonder... if (when) oil prices drop (for a little while), will we all just go back to sleep... and forget that we need to solve our energy problems, once and for all?