Parsing peak oil

So when is crunch time? According to a new report from the New Economics Foundation out last month, the arrival of 'economic peak oil' - when the costs of supply "exceeds the price economies can pay without significantly disrupting economic activity" - will be around 2014-15.

Truthout | Op-Ed
Rosy Forecast of Cheap Oil Abundance, Economic Boom a Myth
Dr. Nafeez Mosaddeq Ahmed | Executive Director of the Institute for Policy Research & Development and Chief Research Officer at Unitas Communications Ltd. His latest book is A User’s Guide to the Crisis of Civilization: And How to Save It (2010), which inspired the award-winning documentary feature film, The Crisis of Civilization (2011).
(h/t Kevin Fathi via email)