I've read CA Int Tech physicist David Goodstein's book, Out of Gas: The End of the Age of Oil, which makes very similar conclusions. I agree with him. I'd make this my top issue when deciding who should get my vote in the upcoming elections, however, noone talks about it enough.
Edit: Dammit, my day is ruined now. This discussion always give me a headache. Let's allow this thread to die. I have my family's health to worry about.
