Peak is an inevetibility. No one can say for sure when it will happen. Though many have tried to predict, it is difficult to know quantities of "unknown reserves" and even the amount of known reserves, because politics and executives all have motives to 'adjust' their known reserves numbers for their own gain. Most likely, we won't know it has happened untill it has already peaked. Some say 30+ years, some say 3 years.

Even if oil was not created by dinosaurs (something I am somewhat with you on - there'd have to be a lot of dinosaurs!! Think about it!!) there still is the issue that there is only so much, and it is being created at a vastly slower rate (if at all) than the rate of its consumption.

The thing that I find the most frightening is that there essentially is no known energy replacement that can meet demand. Most forms of "alternative energy" use fossil fuel energy sources in their creation, or take more energy to create than they generate. Hydrogen is an energy carrier, not an energy source. Knowing that and the potential cost to society if oil suddenly got way more expensive, you'd think there'd be more of an emphaisis on conservation or research into alternatives, and that gasoline would be priced to encourage more rational use. There is just something irrational bout 50+% of car buyers driving SUVs. I mean, if gasoline suddenly got really expensive, this country - based on suburban commuting with SUVs and with almost no mass transportation or a viable passenger rail network - would be hurt more than most other countries. What would we do then? Structural change is hard, slow and expensive.