Peak oil has been reached, and every day that we continue to depend on oil for all our production needs is another day we dig ourselves and our offspring into a hole.
Unless something extremely innovative is devised to save modern civilization from demise, INFINITE growth will Collide with FINITE energy and our way of life will collapse.
I am not sure if this will happen in my lifetime, but I feel it will, Once people understand the situation we are in, things will progress quickly. Life will become much more localized, a majority of city dwellers will perish due to food shortages, lack of fresh water and energy, and the looting and riots that these situations will cause.
Z