I would love to see any citation for this you might have. I am interested in reading up.Not only is there significant doubt about "peak oil production", but there is an increasing amount of evidence showing support for abiotic oil production... that oil is actually produced by the mantle itself.
I think we can absolutely survive peak oil as a species, I just don't think most of the species can survive and certainly not in our current lifestyle. Oil production has artificially increased the carrying capacity of Earth and without it at affordable levels (or a suitable replacement) we are looking at a die-off event, in my humble opinion. Algae biodiesel is the only way I see the world pulling out of this one. Unless some real, honest to goodness innovation takes place and produces a new energy source.