In fact, I think the outrageous oil profits are helping to convince people that PO is not real, that it's all just a scam.  I think this is especially true in liberal circles, where I see a lot of doubt about PO.  
There are two true things:

1 The oil companies profiteer.
2. Oil is at or near peak.

In addition:

1 is old and has always been true.
2 is new.
2 is going to make 1 even more true.
1 should be dealt with, yes, taxation, regs...
2 needs to be dealt with even more.
2 IS being dealt with, but in the worst possible way.

Final truth:

3. We're in the deepest conceivable doo.