This has the potential to cripple the economy and society (see Mad Max). There is a great book that discusses Peak Oil and the potential crash we are facing cal

This has the potential to cripple the economy and society (see Mad Max). There is a great book that discusses Peak Oil and the potential crash we are facing called "The Long Emergency" for anyone interested. I really hope we attempt to hedge this looming problem proactively instead of waiting until we have gone off the edge of the cliff. This has been discussed over and over for the past 30ish years though (if not longer) and many consider it a non-problem, but it is worth planning for and diversifying away from oil, be very very bad if we got this one wrong.