I wrote about this earlier too, but this feels even more pressing now as the oil breaks $110 per barrel, so bear with me.
This is only the beginning. Oil is still cheaper than it will be ever again. The oil production cannot keep up, it is in fact sliding, and other energy sources are not making up the difference between demand at these prices and production. So the prices have only one way to go. Will it double this year or in two years, I do not know, but I want to give you a heads up that you need to prepare for this.
My solution to the problem how am I going to pay for the energy in the future is to bet on the oil price rising on futures market. That way if the energy is getting more expensive, I'll have won the money to pay for it. Just started placing contracts carefully.
That cannot be the whole solution or solution for everyone. Thinking about how you are going to pay for double or 10 times as expensive gasoline will reward you in the near future. Think what to change to get rid of long commutes and how to make sure your life or business does not collapse in energy crisis in the next couple of years, or in a more general crisis on our infrastructure later.
I'm not one of those doomers that expect everything to collapse but to have a bit of advantage compared to other people in the next years think of these things and prepare my fellow gamers! It is best to have some kind of strategy in place right now.
I'm mostly reading the analysis here:
The Oil Drum | Discussions about Energy and Our Future . There are a lot of crackpots there too, but the analysis on oil production are impressive.