Grim. I didn't realize how grim.
I think we've always said that nuclear power, or fusion, would come along and make it cheap to make gas from coal, or that natural gas would be feasible, or
SOME NEW TECHNOLOGY WOULD BAIL US OUT. "Yes, we are going to run out of oil, but by then, power will be as cheap as water, er, air, uh, well, cheap!"
Looks like we're getting "there", and there is no viable new technology which has risen above the level of a curiosity on the horizon.
I sure hope they don't drive up the cost of bicycle tires, which are made from oil.
Arf