When the economists start to get it you know the problem has arrived. It's really interesting, this guy appears to "get it" completely: peak oil, declining discoveries, the net export crisis, the population peak, the probability of a global depression, the whole ball of shit. And he's saying it out loud.
This especially blew me away (my emphasis):
The economist warned that the top five net oil exporters - Saudi Arabia, Russia, Norway, Iran and the UAE - registered a 3.7pc increase in their own consumption from 2000 to 2005, a trend that is set to continue and one which will put further pressure on fuel prices.
"Net exports are decreasing due to major exporting countries consuming more of their own oil, hence the need to abolish subsidies and think of innovative ways to conserve energy within those countries."
The economists have figured it out. We're toast.