So Fox publicized a recent Swedish story here: http://www.foxnews.com/story/0,2933,266764,00.html. What is most interesting to me is that they took the story from www.livescience.com, whose headline was "Oil Could Peak Next Year" and changed it to reflect the outside numbers from Robelius's study. Everyone raise their hand who thinks that Fox did this because they didn't want to be accused of scaremongering or overstatement. The simple fact is that the Saudi and Mexican decline, OPEC cuts, and the overwhelming number of petroleum geologists are now all pointing at the same outcome - peak now, or 10 minutes from now or awfully soon.
In the same review at energy bulletin, is a reiteration from Robert Hirsch, the lead scientists on the DOE's report on mitigating peak oil, of the fact that we need at least 20 years to adapt. He says,
"Peak oil presents the world with a risk management problem of tremendous complexity and enormity. Prudent risk minimization requires the implementation of mitigation measures roughly 20 years before peaking, to avoid a very damaging world liquid fuels shortfall.2 Since it is uncertain when peaking will occur or whether it will be due to geological or investment constraints, the challenge is indeed vexing."
Now let me count on my fingers...are there 20 years before 2018? Nope, I don't think so. How about before 2005, the highest production point so far, and potentially the world's peak. And let us note that world natural gas is expected to peak in the next decade, and North American natural gas (you get what's on your continent for the most part), and a recent study suggests that coal will peak at 2025. The Hirsch report was based upon the assumption that we'd have a good bit of natural gas and coal at low prices to fall back on.
No matter how you figure it, we're in fairly serious trouble. The Fox article is still fixated on transportation, which is certainly an issue and tends to be the first thing people think of when they hear about peak oil. But in a sense, transportation is a meta problem - yes, transporting things and people around will be an issue. But it is the basics of life - the economy that runs on cheap energy, and the food that cheap energy and wealthy economy produce, etc..
The simple fact is that we're well short of time to fix this. So you do what you do when you can't fix everything. Triage. It is time to figure out what the essential elements of our lives are, and focus in on them.
Me, I'd pick food, shelter, and basic medical care instead of keeping the planes flying and the cars running, but no one elected me.