Peak oil is a fraud.

Over a hundred years ago a group of wealthy individuals and businesses began forcing the world economy onto oil and the internal combustion engine. Simple formula: control all oil reserves, limit the building of refineries, control oil exploration, and suppress rival technologies.

The first technology to be done away with was steam. The world should be running on water today, but it's not because of the efforts of the oil cartel. Other energy sources are suppressed just as ruthlessly.

The primary players in the oil market are the British and Dutch royal families (owners of British Petroleum and Shell), and a few conglomerate companies controlled by lesser families and banks.

The world is swimming in newly-discovered oil, but it's not being publicized. Improved technologies are showing there's lots more oil than was ever suspected. And it's being constantly replenished by forces within the earth (not "decayed fossil fuel" at all; it's renewable).

In the 60's and 70's the oil monopoly realized it would need a myth firmly implanted in peoples' minds to get them to go along with increasing gas prices, so the "peak oil" scam was unveiled. Essentially, on a graph of available oil, the roller coaster is now going downhill.

Pure bullshit. Peak oil doesn't exist except in the media and government-subsidized universities. If newly discovered fields were tapped and an adequate supply-and-demand number of refineries were built, you'd be paying a dime a gallon for gasoline.

Or governments could promote steam power, which makes more sense.