Krugman:

One of the defining features of the last 8 years or so has been the way ideas go from crazy stuff that only DFHs believe to stuff everyone knows, without ever going through a stage in which the holders of conventional wisdom acknowledge that they were wrong. Oh, and the people who were right are still considered DFHs; you see, they were right too soon. It looks as if peak oil may be going that way:

Russian oil production has peaked and may never return to current levels, one of the country's top energy executives has warned, fuelling concerns that the world's biggest oil producers cannot keep up with rampant Asian demand.

If you like being depressed you can also read this post, which compares the current run-up in food prices with the one from 1972-1974 (in which a million people died in Bangladesh), and wonders if this is just a temporary spike like that time, or something "more fundamental"? Ye gods.