Societal Collapse Due to Peak Oil ‘Inevitable,’ According to Researcher : Gas 2.0: "In a new article, an Oxford researcher has examined what will happen when peak oil hits. According to Jorg Friedrichs, the outlook is not good. In his article Friedrichs doesn’t attempt to answer the question when peak oil will happen (or if it already has). Instead he imagines that it has happened and the world has to deal with it.
His conclusions: the world will have a 'slow and painful' adjustment to peak oil lasting a century or more with the inevitable collapse of industrial society and the disintegration of free trade. How cheerful."