My emotional dance with Peak Oil has been something like:
1. Discover around 2004, freak out, read as much as I can find
2. Read some more in 2005-2006, decide I've maybe overreacted
3. Watch current events in 2007-2008, and get re-freaked
I realized sometime last year that I have to consider myself officially obsessed. I need to spend less time reading about it, and more time doing something about it. My personal preparations are very modest compared to many here. As are my survival and power-down skills.
A few times in 2007 I had very odd moments during my work-day commute, where all the traffic seemed very surreal to me, like it just didn't belong there any more.
But this weekend while grocery shopping, I had the first mini panic attack I've ever had. It was the oddest feeling, like I could tangibly feel how thin the dividing line was between order (everyone politely pushing around their carts of food) and panic (food shortages, bare shelves, and the way people could behave in those conditions). I didn't linger.
In my good days, I still think we have years, perhaps a decade, before most of the US could be in serious trouble. I still think we have a lot of fiscal fat -- if everyone bought only what they strictly needed to (no lattes, no HDTVs, no new clothes just because it's "the spring season" even though the closetful they've got are all fine), I think the average American could pay much more for gasoline and not starve. (And I think we here sometimes underestimate how much unconventional oil can and will be brought to market. We're going to burn up every last bit of hydrocarbon on the planet, Global Warming be damned.)
I don't have as many good days lately, though.
--Steve