We are on borrowed time, most of the world is running on oil and this resource is not unlimited at all. A lot of countries have gone past their production peak, meaning it's only downhill from here. Everything is gonna be more costly, more expensive, our lavish "democracies" lifestyles are only possible because we have (had) this amazing freely available resource, but without it it's gonna change. Even at a geopolitical scale you can see this pretty obviously, countries that talked about free market, free exchange are now starting to close the doors and play individually. Anyways, my point is, we are in for decades, if not a century of slow decline.