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A Crude Awakening: The Oil Crash, which opens in UK cinemas this week, shows stark images of rusting Texan and Venezuelan wells and fuel riots in Asia and Africa. Such scenes will be repeated thousands of times around the planet in the near future, argue the film's makers, who say the world is facing changes 'more frightening than a horror movie'.
It is a dramatic depiction of the arguments of economists and geologists who say that the day of 'peak oil' has either occurred or is imminent.
In addition, crude oil is a basic necessity in the manufacture of materials such as asphalt and plastic. The construction of a desktop computer consumes 10 times its weight in fossil fuels, for example. Without cheap oil, such products will no longer be affordable.
98 percent of all energy used for road, rail, ocean and aviation transport is provided by oil products.