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Professor Kenneth S. Deffeyes correctly forecasted crude Peak Oil in May 2005. By hindsight we will come to understand the Peak as the plateau between 2004 and 2008.
There are many labels for Peak Oil impacts, such as "crisis" or "long emergency." But these terms suggest major problems for a brief period. Because oil depletion is terminal and viable alternatives are non-existent, we face a global catastrophe which has no parallel in all of human history.