"You have to act quickly, because very soon these fields will be dry." This prediction, drawled by hardened oilman Daniel Plainview in this year's best film, There Will Be Blood, has become a reality. Eight years into the 21st century and we are seeing the beginnings of a new energy horizon. Oil is receding into the distance. Nature's "free gift" to humanity is running out, fast.
2008 will come to be seen as the year the world's leaders were forced to confront their demons. The global response to stratospheric oil prices will determine if we are able to escape the worst consequences of climate change, feed the world and prevent pollution from ruining living conditions in our ever expanding cities. Trillions of dollars will be spent in the next few decades on technologies to generate energy, as old infrastructure rusts and economies expand in parts of the world that have endured poverty for centuries.