as you like.
But it is easy to my eyes - coal played the same role as oil in British economy and author computes how prices of coal affected economy. So if you substitute coal by energy - you are done.
Now for chemical industry - the peak oil is not a problem, as chemical industry just as good in most cased can work on coal or natural gas. then for that several percents which cannot function without oil - there is oil for centuries and then - as I already provided links - it is possible to derive any chemicals derived from oil - just from thin air - the only thing - is energy, but here is another story on nuclear energy. Which is interesting - but in short - it can provide energy for millenniums ( using not current tech, but tech we already have ).