...that we have, indeed, reached and passed "Peak Consonant".
Existing reserves of consonants are drying up and new reserves are becoming more difficult - and expensive - to find and exploit. We can expect to see rolling shortages of the more popular consonants - T, S, P - over the coming months along with a corresponding increase in the usage of the less popular ones - X, Z, and the consonantally ambiguous Y.
Eventually the quality of crude consonants will dip to such a poor level that it will become necessary to recycle consonants from existing printed material. Scientists estimate that the complete works of Shakespeare can provide a viable source of high quality consonants for up to 20 years at current usage levels but the resulting impact on the cultural development of society may be a hard pill to swallow. On the other hand, recycling Paris Hilton's autobiography - "Confessions of an Heiress: A Tongue-in-Chic Peek Behind the Pose" will generate little to no cultural or intellectual impact but will only produce a few days worth of barely usable consonants and a number of highly toxic and volatile waste products that may defy handling.
Our only hope is to find a renewable source of consonants - widely considered to be an impossible dream - or to invest our energy adapting to life in a world without consonants. Even then scientists warn that increased use of vowels - doing double duty as consonants - will accelerate the onset of "Peak Vowel" and a calamity far beyond our ability to comprehend.
There are some, though, who say that "Peak Consonant" and "Peak Vowel" are orchestrated myths and in the interests of fairness and balance, we end on this statement from one such prominent "alphabet skeptic":
".ea. .o..o.a.. i. ..e .e.e.e. ..ea. o. ..e .i.... .i..y ..a.e .u.a.i.. .i... ..o..!"
A compelling argument? Passionate, certainly. We leave you to make your own mind up.