I disagree. As we have little real figueres about it, wich I agree is an outrage, it is debated wheter it is peak or pre-peak. But it can't be post-peak as the production is still around its highest level in the history of humankind.

So take the old debate all over again: is it peakoil we are facing or not? I know your opinion about that but now I wonder what is your sollution to the problem if it is Han? (I don't mean this ironicly)

On the topic of peak or post peak -

Its funny how the price of WTI is rising yet countries like Libya and Saudi Arabia keep saying there's plenty of oil on the market.

The reason is because the high quality oil is post peak and the countries with spare capacity has sour heavy crude. When they say there's plenty of oil they mean plenty of the poor quality oil they are capable of producing.

At the current prices anyone capable of increasing production would do so. (This assumes that some countries are not deliberately keeping production low to screw over the world's largest consumer)

stupid SUVs are left up the the market. 

Obviously, the market is deciding they dont want SUVs anymore.   Have you checked out GM stock lateley ??

I love how the leftist now blam Speculators after the big oil Execs embarrased the Libs on capital hill.

I wonder when the will call Soros to the hill to ram him on "Speculation."

assholes.

@han:
"The solution is a massive ramp up of hydro and nuclear power"
what kind of hydro and nuclear power? (fission or fussion?)

"Huge investment in Battery technology"
I don't know if it can stretch very far but there already is a huge increase in research.(for electrical bikes and cars). For now I'm dissapointed in what they acchieved. The best weight/performance ratio doens't live very long.

"Plug in hybrids only."
between wich energy scources?

"Hydro - The most efficient kind, Build a Dam on a river"
I agree with that. Unfortunately its limited to certain areas.

"Nuclear - Fission of course, it will still keep us out of the dark for another 20 years until we develop tethered Wind generators"
but fission takes a long time to build, plan and bring forth the energy it took to make. So its a long term, and not a short term sollution.

"The problem is the number of battery recharge cycles. This is around 500."
Theoreticly but its much much ower in reality. Partly because of errors but also because of wrong usage.

I think a sollution would be global, not local. Tough the people might go local, hence not solving the problem.

Yes.  Agreed.  You have to have a buyer at a level to meet a seller. 
It doesnt mean the buyer can sell it for a higher rate later.
Just as you cant buy for less later.

Market price is market price at any given point.  Thats a given.

Speculators driving up the price ??  ROFL.

BTW......98% of Canada's Oil Exports to the US ?   That is scary

Also you might argue that speculators are a net zero on the stock market due to shorting, but show me how to short my house.

" We are hungry."

Actually you're still obese, but hungry will come soon enough

I would love one of them going bankrupt.

I actually would.

Then the unions there, who have stifled the automakers would be panicked pretty goodly.

They would then seek to help the automakers instead of hinder them.

Then the United States automakers could become competitive again!