Check out sites like theoildrum and lifeafterthecrash and chrismartenson.com.
The scariest aspect for densely populated counties is of the problem is food.
Without cheap oil, ( and hence also cheap fertilizer) farm productivity will drop.
The obesity epidemic will become a thing of the past !!!!!!!
Hi . 1st post. (Guess I should introduce myself in the appropriate place at some point. Came here from housepricecrash- partly drawn in by cgnao's accurate short term economic analysis. My dad used to go on about US debt in the 80's)
I think peak oil will manifest in the UK as a slow winding down of economic activity, in fits and starts, with the occasional city riots, as per the the 70's 80's 90's! Ok we are having huge shifts in the economy+ financial world, but I dont think things will get suddenly awful, or horrific (for the great majority), as others seem to think. A little bit of oil goes a long way to improve farm productivity, and there's so much slack in the system in the way that we waste oil. Nature puts most of the (solar) energy in for the food we eat. The fertilizer is just a 'vitamin pill' for the sick soil. Organic production with fossil fuel mechanical assistance can produce enough, especially when you consider all the waste in the food production+ consumption.
The obesity we have is often caused by malnutrition, bad hydrogenated fats in cheap manufactured food which accumulates because the body cant process it. With more organic farming+ focus on healthy food production hopefully the standard diet will improve, as it is often said it did during the rationing of WWII. Think the fashion for skinny models has peaked though!
Farm productivity in calories/acre might drop , but organic farming is prospering, and calories+vitamins/acre is on the rise!