Oooops. That title is for the peak oil folks. It looks like all that has peaked is the "easy to get" oil.
Evidently there is a new abundance with current technology - and prices.
You can get the details at: Peak Oil?
Reliapundit adds: Great link! I added the pretty pictures to help dispel the notion that opil rigs are bad. And I want to remind everyone that not a single oil rig caused any environmental damage as a result of Katrina: THEY ARE CLEAN AND SAFE.