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RE: Energy and Waste Energy
Not just "Peak oil", but think of it as Peak Cheap oil. There's enough oil left for hundreds of years, but at what price? Another thing to look into is "E-R-O-E-I" How much energy is expended to drill or dig compared to what you get. When this gets to 1 to 1, the game is over.
True, and thus is not wise to keep on depending on oil anymore. Leave the comfort zone and adopt new alternatives. The price to pay is the increase of cost which many still can't afford it. Unfortunately, if now can't afford, in future it will be even worse.