I consider 'peak oil' to be more fact than myth. I mean, there has to be a point where we simply cannot produce more one year than we did the previous year. That may not have happened, may not happen for a thousand years, who knows, but clearly at some point it is a certainty. This assumes that we are sucking oil from the earth quicker than it is being renewed, and since it takes millions of years to make it and we chew through hundreds of thousands of barrels every day, that seems to me to be a reasonable assumption.

That said, yes, they absolutely are making waaaay too much money. What irks me is that they make these massive profits not when things are going well (I could tolerate that, as a reward for making life better), but when things are going horribly BADLY. They're raking it in on the increased misery of their customers. That's not how capitalism is supposed to work.