[Peakoil] Peak Oil worst-case scenario

[alex-po at trevbus.org]

>From http://www.energybulletin.net/4404.html

"The scenario I foresee is that market-based panic will, within a few
days, drive prices up skyward. And as supplies can no longer slake daily
world demand of over 80 million barrels a day, the market will become
paralyzed at prices too high for the wheels of commerce and even daily
living in "advanced" societies. There may be an event that appears to
trigger this final energy crash, but the overall cause will be the huge
consumption on a finite planet.

The trucks will no longer pull into Wal-Mart. Or Safeway or other food
stores. The freighters bringing packaged techno-toys and whatnot from
China will have no fuel. There will be fuel in many places, but hoarding
and uncertainty will trigger outages, violence and chaos. For only a short
time will the police and military be able to maintain order, if at all.
The damage that several days' oil shortage and outage will do will soon
wreak permanent damage that starts with companies and consumers not paying
their bills and not going to work.

After an almost instant depression seizes the modern industrialized world,
and nation-states break down, the frantic attempts of people to feed
themselves, stay warm and obtain fresh water (pumped presently via
petroleum to a great extent), there will be no rescue. "

Do you think this is what might happen? What would be done to stop it?
What would you do in advance to help yourself?

Alex P

BTW http://www.energybulletin.net is worth checking regularly