I'm very glad that I don't have a car. Really. We may have reached Peak Oil in 2004 -- no one knows -- it's still too soon. With all the hype about new petroleum extraction technologies we have still not surpassed production numbers from 2004. World wide demand continues to rise each year and the price can top a hundred dollars a barrel, yet production remains essentially flat.
If someone wants to add an hour or two to each workday to live in the x-burbs that's their business. But we are at summertime gas prices in the SPRING, this year. This summer will be interesting for gas prices. If this goes on real estate prices will tend to fall even faster in the bedroom communities where commuters sleep.
I firmly believe we are far closer to the beginning of our energy/economy problems than we are to the end of them.
I also think that those who curtail their energy use voluntarily will fare far better psychologically (and perhaps physically as well) than those who fail to see the changes going on in the world around them and act accordingly to make more realistic plans before being overwhelmed by inflation and scarcity.