We need cradle to cradle design for all manufactured products that aren't compostable. It really isn't that tough, and actually makes sense for the bottom line.
Self-assembling 3d printers like the reprap are being designed with the idea of home-scale manufacture and recycling of products using a variety of materials - plastics, glass, metals. Open source technology can solve these problems more efficiently than our centralized manufacturing system.
If we stopped using oil for fuel now, our existing
wells would provide enough oil for non-fuel uses for a LONG time to come. But this is an indulgent, theoretical question brought to you by the power of fossil fuels.