Meh...
>It seems, in the USA at least, that they are finally waking up to the real issues of limited oil in
>the not-too-distant future...
Don't forget the substantial reserves the lie off the U.S. coast that are either off-limits or too expensive comparable to imports to exploit.
The U.S. remains one of the largest oil producers today -- 20% less then Saudi Arabia (#1), and twice as much as Iran (#4).
There's a lot more oil still to be pumped. But that doesn't mean there isn't a good case to be made for developing alternatives more heavily, such as nuclear power (for electric heating to displace oil in the northeast), or compressed natural gas for motor vehicles to reduce gasoline and diesel usage.