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Seems we may have created quite an economic bubble that wouldn't take much to pop.
All this economic bubble stuff is mostly just for people invovled with stocks and all. The huge majority of the world population did not invest in the IT stocks and as such were hardly hurt when those stocks went down the drain.
I'm not an economy expert but all these horror scenarios after the tech bubble burst were not so horrible after all.
What will happen is that everything that cost energy will become more expensive relative to things that cost less energy. This is a GOOD thing. If driving your car becomes more expensive then maybe you should think about ways of not doing that, like taking public transport or perhaps live closer to work, etc.