And as I've said before, we currently pay about 16 cents per cup of oil...is there anything in this world that we pay so little for? How much was your last cup @ Starbucks? Oil will continue to get more expensive, barring a major worldwide depression, and most people will continue to pay for it...at least those who can afford it. Face it: you need that cup of gas more than the coffee, that's for sure.
I don't think the oil companies are to blame. They're involved in the most lucrative industry the world has seen, largely due to the world's addiction to oil. If you don't want them making big profits, stop buying their products...easier said than done, though, virtually everything we use today is a product of petroleum.
What I think is most interesting is what do oil companies know about oil production? If you were running Exxon/BP/Shell and knew that production had peaked, would you build more refineries? Of course not. Peak oil means that tomorrow you will not be able to produce as much oil as you did today. What I find most interesting in all of this is our involvement in Iraq and the involvement of Halliburton in Iraq. Dick Cheney back in 1999 was a proponent of Peak Oil theory. One of the greatest threats right now to our country and way of life is a full-scale war in the middle east. We are so incredibly dependent upon their oil right now...our involvement in Iraq, as bizarre as it may seem, may be a way of protecting valuable oil resources...in other words, it's probably a resource war.