This is, unfortunately, one of the expected official responses to peak oil. It is one of the reasons I had a secret hope that no-one in upper management would ever find out about it.

I don't think we will ever see an official response to PO that involves the three R's. They will always go for the big industry, big dollar, business as usual solution, as that is the real vote winner. This will inevitably lead to the destruction of more and more of the environment. I don't see how we are ever going to avoid it. The majority still have the entrenched view that they are entitled to the lifestyles they lead, and that it is non-negotiable, and decisions will be made that pander to that majority. While ever there is a thread of hope that BAU can continue these people will cling to it.
Majority is not always people either. It will often be money. Our wonderful government got a majority of voters on side with a decarbonation fund for research into low carbon energy. Where did the majority of that funding go? To the coal industry, which has the majority of the wealth invested in the electricity industry here. We will see more and more such "solutions" as things get worse.