What if peak oil isn't the end of the world? Peak oil for industrial users happened in the 1970s and industry kept chugging along. They still use oil but nothing like back in the 1970s. At one point a good portion of the electrical power generated in the US was from oil. It may have already happened or be happening right now. Oil prices go up and suddenly alternatives become more feasible. A paradigm shift happened with power generation and industry with out imploding, why not everything else too?