http://www.theglobeandmail.com/servlet/story/RTGAM.20080307.wloil07/BNStory/lifeMain/homeThe grab-your-gun-and-head-for-the-hills scenario goes something like this: In the next year or so, world oil production will peak and then promptly plummet, forced down by sinking reserves. While supply crashes, demand will grow. Virtually overnight, fuel will become so dear that farm tractors will go idle, people will go hungry and homes will go cold. Financial markets will collapse and social chaos will follow.
Are you ready?
The doomsday image may sound like the half-baked plot of a Schwarzenegger flick, but thousands of North Americans are taking it seriously enough to stock up on non-perishable food, recycle their own manure, build home gardens, bone up on canning techniques, even undergo “socially responsible vasectomies” to limit their energy reliance.
With the price of a barrel of oil spiking upwards of $100, the more alarmist of peak-oil buffs are buzzing that the world's oil-dependent economy could tank in the very near future.