no. it will be worse.
let me give you a example, during the great new york blizzard at bars milk was served more often then bear. not because the milk would spoil. but because it became a status symbol to those who could afford it after the price spike. people bought it simply to have a glass of it, to tell people around them that they can afford it.
this will happen with gas, the more the price rises the more people who can afford it will use it because the more it will become a status symbol.

your re-framing the argument.
the kyoto protocol and the power-down protocol are technically a treaties but they requires all country's sign on and agree to what it says.
a normal treaty is only between a small handful of country's, this treaty has one thing kyoto and and what a peaceful power-down lack. the counter weight that there will be immediate consequences if the treaty is broken by either a governing body like the U.N. or the neighboring country's to the ones who signed the treaty.