A reliable and affordable supply of oil makes globalization possible. Wal-Mart, for example, wouldn't be able to fill its shelves with consumer goods made for less in overseas factories if not for the ability to ship these products inexpensively. Within our own borders, food is cheap and plentiful in large part because oil is. One reason we've built bigger houses - the average house size has doubled since the 1950s - is because we can afford to heat and cool them.
In fact, cheap oil has made development in Dallas and the entire Sunbelt possible.
Then there's an interview in Aspen, Colo., Times with an ecology type, plus an interview in The Telegraph of the UK with Richard Heinberg, an oil-reserves expert, who sees an equally bleak future if something isn’t done soon. Read all here.
The oil's going away. We can't continue to live as we have for the last 60 years. Really.