I read Savinar's site regularly, you should also visit
http://www.theoildrum.com.There are a lot of prognostications with regards to peak oil, some say we will return to the stone age, others think we will be living off of solar/microbe-powered mass transit.
Nobody really knows what is going to happen. The only things we can really point to are these:
1. Petroleum demand is currently outstripping supply on a global scale.
2. Most of the supergiant oilfields are in terminal decline (the Saudi's wont come out and say it, but data suggests they are)
3. No US politician is coming out and saying, "The age of hydrocarbons is coming to an end, and we must prepare for it now!" Instead they offer bullshit about dependency on foreign oil (Obama included). (Actually there is one, Roscoe Bartlett, a Republican, he requested a report from the GAO on Peak Oil in general --> here's a link ->>
http://www.theoildrum.com/node/2414).
It is scary to consider. The implication is a total, global, financial and industrial reversal/meltdown, over a decade or two. Our entire 21st century economic progress was based off of cheap hydrocarbons and our access to them (read Iraq/Saudi/Iran/Venezuela/Nigeria, etc etc etc). Famines, wars, you-name-it-biblical-scenario kinda stuff.
The only thing I can say that I believe with regards to this, is that the problem is on a scale that we haven't seen before, and that our politicians are either lying to us or aren't well-informed. The Kool-Aid currently renders its victims to think in terms of an oil-based economy, forever.
I'm pretty much in the 'We're fucked because nobody with a soapbox is saying anything real'.
One thing to remember. The US and Russia still have a *shitload* of nukes pointed at each other. And our geopolitical game over oil is just about over. Will a button be pressed in pursuit of 'the win'?
Anyhoo.
Safi