As to the question of whether or not there is a deeper problem, I think that there is--without question.
We are creatures with self-seeking interests: "top-predators" in ecological parlance; "fallen" in traditional Christian thinking; "needy" in Maslow's well-known heirarchy in psychology.
Fossil fuels represent the ultimate in survival shortcuts. Like the feral cat that keeps coming back to the old lady that feeds it tuna fish and ultimately forgets how to hunt, we are dependent on the energy in fossil fuels and do not know how to operate properly within our environment.
Of course, this is not a new phenomena: 90% of deforestation occured prior to 1950 [Lester Brown], and Diamond and Tainter chronical many civilizations that failed to live in harmony with and adapt to their changing environments. The new part is the modern pace at which we have been able to thrash the environment; Wackernagel, et al, have estimated that we (as a species) exceeded the planet's ability to support our population back around 1980.
This internal and self-destructive tendancy is illustrated by the story of the land sale [Dostoevsky, I think] where all you had to do was run around the perimeter of the land you wanted, and as long as you returned before sunset, you would get all of the land that you had skirted. Of course, the "buyers" always die because they kill themselves trying to encircle as much land as possible.
The use of fossil fuels allows us to circle alot of land, but the sun is about to set.
Until we can figure out how to tame our own self-interests, the cycle of build-up, exploit and collapse will repeat itself indefinitely. Technological advances and novel monetary systems are, in the end, only bandaids to the fatal ecological hemoraging caused by human ambition and greed.
