He has always thought that way.  That is what catabolic collapse means.

The reason I see that as the most doomerish outcome possible is that it means we do not change our ways.  Instead, we keep trying to do what we are doing, switching to ever poorer sources of energy.  Until all resources and capital are converted to waste, and we simply cannot continue.

The result is a crash to a lower population level and level of complexity than existed before the complex society arose or arrived, because the environment is so poor that it cannot support anything else.

The good news?  I probably won't have to worry about it, since it will take a hundred years or more.  :-/

This is exactly how I feel.  It would be so nice to live in an age of renaissance, even if it had to be preceeded by an abrupt shock.  But, I fear I may live in an age of slow, relentless descent.  
Another drawback of the slow, relentless collapse scenario is that it greatly facilitates denial on the part of Peak Oil-naysayers; an abrupt collapse would at least be strongly convincing.