Nope. I believe that Grufty Jim or someone else equally well informed would tell you that if you were to look at a graph of growth/standard of living/ prosperity/etc and a graph of the consumption of oil, you'd see a pretty good match.
Capitalism requires growth. Without growth there is no profit. Without profit there is no investment.
Without energy there is no growth. The recession is further proof that peak oil is imminent.
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