The real problem is that we use too much oil. It's that simple and that difficult. If we truly want to reduce our vulnerability to high prices, the best way to do so is to reduce consumption.

Economic growth as we have known it is over and done with.

What's new is high oil prices and the economy hates high oil prices.

We are about to enter a new era in which, each year, less net energy will be available to humankind, regardless of our efforts or choices. The only significant choice we will have will be how we adjust to this new regime. That choice - not whether, but how to reduce energy usage and make a transition to renewable alternatives - will have profound ethical and political ramifications.

...the era of cheap oil and natural gas is coming to a crashing end, with global oil production projected to peak in 2010 and North American natural gas extraction rates already in decline. These events will have enormous implications for America's petroleum-dependent food system

Surveying the available alternative energy sources for criteria such as energy density, environmental impacts, reliance on depleting raw materials, intermittency versus constancy of supply, and the percentage of energy returned on the energy invested in energy production, none currently appears capable of perpetuating this kind of society.

When a caterpillar eats a leaf, then a thrush eats the caterpillar, or when a hawk eats the thrush only 5 to 20% of usable energy is transferred from one level to the next. ... Thus herbivores will account for a much smaller fraction of the biomass [than plants] and the carnivores for a still smaller fraction.