End Of Cheap Oil, End Of Road For Ruinous Lifestyle
"Every serious discussion of the environment ... is ultimately about oil, whether it specifically mentions oil or not," Owen writes. The explosive growth and general prosperity of the past century have been made possible by the "prodigious abundance" of oil; the problems of the coming century will involve "oil's increasing scarcity and cost."

Owen is not a crank or true believer about peak oil; he reports that the decline of oil production has been predicted for nearly a century. He looks at what we know for sure: However much oil is left, it's being used up at a rate of about 350 billion gallons a day; it's getting more expensive to produce; and demand is growing as China and India push ahead to repeat America's mistakes.

About two-thirds of all the oil produced in the U.S. and Canada goes to transportation, mainly cars, "a use for which there is currently no attractive fuel substitute."

And it's not just the Hummer in the driveway, Owen observes, it's everything the Hummer makes possible — sprawl and its dupli