An interesting video on the economic impacts of Peak Oil that’s worth a watch. (There are two versions, the longer one and the shorter one. I’ve included the longer one, as there is a little bit more information. Besides, its only three minutes longer!)
It’s actually quite a good summary of the entire problem, with a significant warning as to how a major debt crisis could be triggered as a result of the onset of Peak Oil production. Bear in mind that the last credit crunch in 2008 occurred when there was a spike in the price of Oil ($147 per barrel). That could end up looking like a dress rehearsal for what’s to come!