'Peak Oil' and the Future of Humanity

"The 'peak,' believes Campbell, will come as early as next year, heralding a steady rise in prices and the end of cheap oil as we have known it, causing a seismic shock within the global economy. 'The perception of this decline changes the entire world we know,' said Dr. Campbell in a September 2004 report from the Wall Street Journal. 'Up till now we've been living in a world with the assumption of growth driven by oil. Now we have to face the other side of the mountain.'"