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Peak Oil finally gets a mention in the MSM:

 

EXCERPT:

"For many years the oil industry has told us there is nothing to worry about, that there is plenty of oil to go around. Those who cried wolf for three decades about the black stuff running out seem to have been proved wrong – so far.

Yet the tightness of the market is undeniable. Crude oil is selling for $78 a barrel, $26 above levels seen at the beginning of 2007 and close to records set a year ago.

. .

Energy cycles

In cities like London, the congestion charge and security worries on public transport are helping to foster a new generation of cyclists.

However in China, with more than a billion people, increased wealth means their bicycles are being scrapped and cars bought instead. While China currently only has one car for every 40 people, if it reaches US densities of one car for every two people, that will mean 650 million cars on the road instead of 32.5 million. "

 

HOW LONG ? ...before they wake up to reality:

The structure of our living&working infrastructure, ie The Suburbs, is a problem that needs to be addressed.

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