Power Base Only

How will we power aircraft when the oil runs out?
The world economy runs on cheap transportation. Within a continent, we can replace gas with electricity if we have a good power source. Between continents, we need to fly at jet speeds, or commerce becomes much slower. And that means a power source that is not only portable, but produces a huge amount of thrust to keep a very heavy object in the air. What will replace the portability and explosive power of petroleum-based jet fuel?
My feeling is that although jet engines can be designed to work on very volatile or gaseous fuels, economic aircraft design of fuel storage is against it. Technology exists to produce suitable fuels from coal, natural gas or biological (carbon neutral) sources at present at a much increased cost premium over oil based kerosene. My suggestion therefore is little change to the fundamentals of aircraft design but big changes to the on ground processes that produce fuel to operate with different feed stocks.
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