There is an excellent article on Dmitry Orlov's blog on Hubbert's third prophecy.
To see the whole article GO HERE
In light of recent events such as the Arab Spring and Occupy Wall Street I thought it would be pertinent to review Hubbert's Third Prophecy about the cultural crisis he expected.
He wrote about it in the attached article entitled "Exponential Growth as a Transient Phenomenon in Human History". In case you are not familiar with Hubbert's first two prophecies, he predicted both the US and world oil peak very accurately.