I have to say that it really makes me worry about how the next decade or two will unravel. I don't know if I would like to see the consequences of peak oil unfold sooner or later. If sooner, then it means there's time where we can start switching to alternative energies. If the price of oil spiked twenty years ago, we might have taken steps to ensure we could stay ahead of the curve when supplies actually do fall short of demand. Until recently, the discovery of new oil supplies have outpaced the change in demand. Only now are we looking at a world where we'll be pushing capacity everywhere and still not be able to meet demand. And now that we're ever more confident that our technological advances will allow us to keep our ways of life going without drastically changing anything... we're doomed. When the next recession happens, how can we possibly expect to get out of it then?