I entirely agree with your idea of celebrating $8 gas... this type of 'doomsday' peak oil scenario would bring about radical social change almost instantaneously. The idiots that traded away their financial security just to please their 'sense of entitlement' will fall like rocks. It's ugly for society in the short run yes but I don't think so for the long haul. No more cheap home re-fi's, no more year auto loans on a 50k hummer, no more revolving credit card shell-games... all gone for good.