In San Francisco and San Jose, for example, the Association of Bay Area Governments has proposed that only 3% of new housing built by 2035 would be allowed on or beyond the "urban fringe"—where current housing ends and the countryside begins. Over two-thirds of the housing for the projected two million new residents in these metro areas would be multifamily—that is, apartments and condo complexes—and concentrated along major thoroughfares such as Telegraph Avenue in the East Bay and El Camino Real on the Peninsula.
IMHO, the only long term "solution" to peak oil is to not need oil.
Mass transit is a first step from virtually unlimited personal transit to the inevitable end state of no daily transit beyond walking distance. These "transit corridors" will begin to instruct American how to make increased density livable without cars. Today we build apartments then surround them with carports and roads, just like suburban housing. There is no functional difference between them and suburbs. There is nothing there except beds and garages.
But it is heresy at the alter Levitt and Ford. No wonder the Vicars of BAU dividends rant and rail.
hehe, They rail about rail.