Steve, in the world of engineering there are pros and cons - not panaceas to problems. Those magazine articles always exalt the wonderful advantages of new ideas and designs. They rarely mention the practical downsides to new technologies.
For example, though Wankel engines have better theoretical efficiency, one big problem is that combustion gases are harder to seal than in a piston engine. Also, the large quench area of the combustion chamber and all the nooks and crannies that hide unburned gases in the chamber resulted in high emissions that effectively killed the rotary design in the American market.
As far as peak oil is concerned, I agree with panzerman. Let's stop all this conservation. Why should we conserve?... so our grandchildren can learn the pain of petroleum conservation? We won't be going back to walking. Let's use it up. This will get rid of the geopolitical angst we're presently experiencing, and put everyone economically back on the same page.