Time for a quick poll: Who's doing what?
A. Urban gardening and community
"I live near family in a reasonably priced or paid-off home, with a stable job. I think where I am is my best bet, although I might have an emergency plan to "bug out" if needed. I am increasing the energy efficiency of my house, and maybe adding solar panels or maybe just some solar battery chargers. I have a good-sized garden, and support my local foodshed by buying from farmer's markets, CSA or Co-op. I have a high- efficiency vehicle like a hybrid, or I could bike or walk to where I need to be. I have stocked food storage of several months, as well as trying to meet needs off-grid if needed (warm bedding, Sun Ovens, wood stove, etc.). I am working with neighborhood or civic groups to build local community and resiliency.
My weak spot is widespread rioting or other urban unrest. In that case I might be toast."
B. Back to the land
"I have started a farm with the goal of being mostly self-sufficient, although this whole farming thing is a little new to me. I've got a large garden and some livestock in a place that might be well out of the way, or maybe fairly close to urban centers so I can get food to market. Rainwater cisterns, root cellars, compost toilets, perhaps even an underground or earth-sheltered home. I'm installing a wood stove, wind turbine, solar panels, even biogas. I hope to be the refuge of last resort for my more-clueless relatives. I may or may not be paying serious attention to security - don't try me!"
C. Amassing wealth
"I think the main repercussions of peak oil and our unsustainable financial system are going to be economic. People who have secure paid-off houses, a good job, cash on hand, offshore accounts, gold and silver, wise investments, and five hundred pounds of MRE's just-in-case, are going to have it made in the shade. I plan to not lift a finger in the near future since everyone else will be unemployed and I will be able to employ maids, chefs, gardeners, and anyone else for close to nothing. Bow down before me ye wretched serfs!"
D. Guerrilla prep
"I am highly mobile with few possessions or attachments. I possess highly-honed wilderness skills, a tent and sleeping bag, rifle (insert specific name and model here), motorcycle/boat/hiking boots, cash and gold. I am unencumbered by illness or disability, pregnant wife, infants, or the elderly. I have an encyclopedic knowledge of edible weeds and know 42 ways to start a fire. Eventually I may settle down, but I can leave at a moment's notice if trouble brews. See ya!"
E. Nothing - I have never used oil or electricity so what's new?
"My parents were hippies or Amish and we never had any use for these new-fangled gadgets. I can make my own clothes from cotton from my fields, fish and hunt, garden and farm, make my own cheese, sauerkraut, yogurt and beer, and can preserve hundreds of quarts of tomatoes and pickles a day on a wood stove while managing my flock of nine children.
We might use a little electricity or oil here and there, but the community I live in is filled with people with similar skills and the ability to laugh at hardship. Although my Internet business selling hand-knitted goods at amishscarves.com may shut down, I probably will not even notice when oil hits $250."
F. Nothing - no need to prepare.
"What's all the fuss? Sure, oil may go up in price, but human ingenuity will create alternatives to the amazingly unprecedented energy-dense liquid oil inheritance of 100 million years without any inconvenience to ME. Or the government will intervene and solve the problem, just like they did with that economic thing-a-ma-bob. Surely nothing can change all that much. After all, history is a long uninterrupted chain of progress into a better and brighter future."
G. Some other strategy, perhaps you wish to enlighten us?