The Olduvai theory and catastrophic consequences

Our century-old industrial civilization and its luxurious standard of living may be about to end. The energy prime mover of this civilization, oil, is about to drastically dwindle in supply.

…It has been the plentiful supply of cheap oil (increasingly from less developed countries) that was the main factor, along with the necessary natural resources and skilled manpower, that made the miracle of the industrial era, of about 100 years, possible in the Western more developed countries, and particularly in Europe and the United States.

However, the plentiful supply of cheap oil has been short lived. Even as predicted by Dr. M. King Hubbert