The conclusion appears unavoidable, but don't expect a big rush to be first in line.So then it seems that we'll have to transition to a zero growth system.
Peak Oil (or, for that matter, Peak Uranium or whatever) isn't about the amount of the resource that could conceivably be extracted; it's about the rate of extraction. In the same sense, what counts when we start talking about alternative sources of energy is not the amount of energy that could be produced; it's how fast those sources can be brought on line.
For many decades, economic growth has been driven by (or at least accompanied by) an increase in global petroleum production. The reason for that is that the energy density of petroleum and the ease with which it can be extracted, processed, distributed, and used -- and the infrastructure and technology needed to accomplish all that -- offers a MUCH better return on investment than the next best alternative. I don't know that we necessarily need to resign ourselves to transitioning to zero growth, but I certainly don't see any measure or combination of measures that will support the kind of growth we're accustomed to enjoying. To anyone who thinks nukes will do that, I'll repeat my addendum to JJ's question above: How many plants are we talking about, how long will it take to build them, and what will it cost?
If we could expect a nice, steady, predictable decline in oil production, it would be a lot easier to make whatever transition we need to make. Unfortunately, it seems more reasonable to expect markets to become increasingly volatile. Production falls off, price goes up, producers scramble to produce more, consumers scramble to consume less, industries scale back; lots of interest in alternatives -- and because of all those things happening at once: supply goes up, price eases some, everybody relaxes a little; it was just a hiccup. Less interest in alternatives. I could see things lashing back and forth like that for quite a while.