We consider a cosmological scenario in which the expansion of the Universe is
dominated by phantom dark energy and black holes which condense out of the
latter component. The mass of black holes decreases via Hawking evaporation and
by accretion of phantom fluid but new black holes arise continuously whence the
overall evolution can be rather complex. We study the corresponding dynamical
system to unravel this evolution and single out scenarios where the big rip
singularity does not occur.Comment: 16 pages, two figures. Key words. Cosmology, phantom energy, black
holes. Sligthly extended version to be published in Gravitation and Cosmolog