Originally Posted by
jeffpoulin
Exactly. I still remember the gloom and doom talks about what would happen if oil reached $40/bbl, or (heavens forbid) $50/bbl! We seemed to have rolled through that one just fine.
I wouldn't call the worst recession since 1929 "rolling through just fine". Maybe you got through it just fine, but many of us aren't doing too well. And if we have reached peak oil, this is just the very first taste of what the future holds.