Monte, I share the same feelings about it.
We could have used our oil energy on something better than another scent of Dior. The closer we are TSHTF the worse my feelings are, people want to consume anything what can give you a microsecond pleasure, and nobody really cares about tomorrow. There is more porn tapes than documentaries in shops, main internet search are sex and porn, people care more what is going on with Paris Hilton than ecology. So called "researches" are talking more about colonizing Mars than about polluted rivers. Nothing will change.
We have marvellous technologies, sure, but we can't implement that for 1 billion people in the first world in few years not even mention how to deal with the entire population of the globe. Meantime everybody around is happy with growing economy, taking loans, living beyond their means. They are living in reality - reality which is emulated from their dream.
Sometimes when I talk about PO people look at me as I were from Mars. Some people reject it absolutely, some people doesn't care treating me like a funny but silly guy who told a good Stephen King alike story

People also rejects the idea of limits to growth which is similar, so the economists told the sheeple - "see we didn't used up everything and the economy grows, they were wrong". People just look at us like we were beggars shouting "The end is near".
End is near, I don't care if it is tomorrow, next year or in 2015. When it happens effect will be the same as it would happen today.
The longer plateau the faster depletion rate is and collapse of civilazation is inevitable. Looks like we are on this plateau, and we try to keep it as long as possible making the world during this crucial moment more dependant on oil than ever.
I hope I'm wrong.