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[–] vicarious [S] ago 

The easy to get oil is gone, now we're investing a lot of energy to extract the dirty and harder to get oil, resulting in very low energy returned on energy invested and enormous risks for the environment (see Deepwater horizon). We've peaked or are about to.

The point is, we can't afford another century of oil based orgy. Oil is one the decline, the burst of the fracking bubble will serve as a reminder of that fact.