It's not the end of the world, just the end of consumerism. We are about to wave goodbye to the dream of endless economic growth - always, every year, more stuff. However, we have enough already. We really do.
A change is about to be forced on society because energy consumption pretty much is the economy. And we are about to run short of the cheap energy which has been driving the past century of unchecked economic expansion.
End of consumerism
HT The Oil Drum
Cheap energy is killing the planet, so available or not, we need to stop using it.
Now our 'assets' are millstones around our necks. We were had. We bought the line (well I did anyway) and now we pay the price.