Posted as a sub-comment for brevity-of-discourse:
What is the most rational view of Peak Oil and its near term consequences?
That it's fear-mongering, being exploited by an array of political and social agencies with sometimes conflicting agendas in order to exploit the 'risability' of the common person to fear in order to achieve their various goals through persuading the population.
Can you cite any evidence that is clearer than the geological evidence that oil is being exhausted just enough for production rates to begin declining?
To me the following points seem hard to argue against: