Peak Oil is true if the long term average rate of consumption equals or exceeds production. Since production is a slow, geological process it is likely this is true. Let's not find out.

Doug, you don't believe in Peak Oil because you clearly don't understand it. I wouldn't believe in Evolution either if I thought it was a theory that said my great-grandfather was an ape.

You really need to learn more about the relationship between EROI and the Land Export Model and how exponential depletion functions in relation to economic growth. Here's a good primer on the subject: http://www.youtube.com/watch?v=cwNgNyiXPLk