Fifty years ago, the world was consuming 4 billion barrels of oil per year and the average discovery was around 30 billion. Today we consume 30 billion barrels per year and the discovery rate is approaching 4 billion barrels of crude per year.
Asia Times, May 4, 2005
So, we are at the end of the cheap oil era. Many organisations that want to deal with this fact are sprouting.
I just came across one such organisation: the Transition Network.
http://www.transitionus.org/
http://www.transitiontowns.org/
A Transition Initiative is a community working together to look Peak Oil and Climate Change squarely in the eye and address this BIG question:
"for all those aspects of life that this community needs in order to sustain itself and thrive, how do we significantly increase resilience (to mitigate the effects of Peak Oil) and drastically reduce carbon emissions (to mitigate the effects of Climate Change)?"