There have been many stories recently about how North America will achieve energy independence soon, and how the Peak Oil myth is dead (see: Marketwatch, the Wall Street Journal, the San Francisco Chronicle). Peak oil is not dead, it’s just sleeping. Math doesn’t go away just because you don’t like the answers.
The scale of the problem dwarfs any possible combination of solutions including: fracking, oil shale, natural gas, tar sands and biofuels. Here is a graphic from the car insurance association advising everyone to start planning for a radically different future when gasoline is very expensive. The question is not IF Peak Oil occurs, it’s just a matter of when: