Requiem for the Age of Oil

I spotted this in an interview with Elza Maalouf, CEO of the Center for Human Emergence-Middle East...

Quote :

There are a couple of things that are changing all over the Muslim world that I think will continue to accelerate in the near future. One is that oil is dying, and the Obama administration is focusing on the development of new energy technologies. This will no doubt push oil-rich countries to look for other ways to enrich themselves. I'm seeing this trend in Lebanon, Syria, Jordan, and even Iraq. They are starting to focus on developing people. This is particularly important for Gen Y. In the Arab world, sixty percent of the population is under the age of twenty-five. They are educated, intelligent, innovative, and globally connected. They are the unused resource in Middle Eastern and Muslim countries.

It's interesting to think about how "peak oil" might effect the way people throughout the world live. Might the middle east become the next far east?