As you have noted, the underlying concept has been hijacked by alarmists, conspiracy nuts, and those who take a psychotic delight in envisaging the end of civilisation as we know it. That does not invalidate the underlying concept, which is nothing less than the application of common sense.
Yeah, I really think so.
http://upload.wikimedia.org/wikipedia/en/2/2e/World_energy_consumption%2C_1970-2025%2C_EIA.png
vs.
http://upload.wikimedia.org/wikipedia/en/4/4e/Hubbert-fig-20.png
This reminds me of the Malthusian catastrophe, over and over through history raised up as a concern.
Written by Thomas Malthus death must in some shape or other visit the human race. The vices of mankind are active and able ministers of depopulation. They are the precursors in the great army of destruction; and often finish the dreadful work themselves. But should they fail in this war of extermination, sickly seasons, epidemics, pestilence, and plague, advance in terrific array, and sweep off their thousands and tens of thousands. Should success be still incomplete, gigantic inevitable famine stalks in the rear, and with one mighty blow levels the population with the food of the world.
This Principle of Population was based on the idea that population if unchecked increases at an exponential rate (i.e. 2, 4, 8, 16, 32, 64, 128, etc.) whereas the food supply grows at a linear rate (i.e. 1, 2, 3, 4, 5, 6, 7, 8, etc.). He would possibly have been right, and forecasted mass starvation, but he made two incorrect assumptions. Population didn't increase at an exponential rate, and the food supply didn't increase at a linear rate.
World population growth rate
World population history
http://upload.wikimedia.org/wikipedia/en/0/09/World_production_of_coarse_grain%2C_1961-2004.png
I know the media may present this as a fact, like
Andre said:
the eugenics scare, anti-semitism, mutual assured destruction, nuclear waste et al, nuclear meltdown scenarios, the coming ice age, the population bomb, the asteroid collision, the clash of the civilizations, radon, microwaves and power lines, Y2K, and now it's called global warming with all it's extremities.
Notice in each situation, it is always some threat to everybody, whether it be America, the world, or all life. It is always an inevitable threat, and cannot be seen, heard, felt, smelled, and you don't know when it'll hit.
Andre said:
Usually and regardless of positive proof pro or con, those hypes fade slowly when signs stay out.