The oil industry will become the alternative energy industry when oil starts to run out. Or did you think they would just fold? Also, please read the previous link, as it will show that production isn't down, and demand isn't up, so "Obama's policies" on oil use/production isn't causing the price hike.
Right now, there isn't a market for an alternative to oil on a profitable scale. That's why we've seen plenty of "green" bankruptcies and the tanking of electric cars(Leaf, Volt). There isn't money to be made in that realm despite the government's best effort at subsidizing the sector. The tech just isn't ready for mass production and consumption.
On top of that, our infrastructure isn't ready for a spike in electrical demand. We are shuttering coal fired power plants left and right, shifting their production to existing facilities, pushing the limits of production. Until we can increase our electrical production, develop better electrical storage facilities on both a small footprint and large, we aren't ready for non-fuel driven vehicles.