Peak Oil is so glaringly obvious to anyone who goes through the data, yet it seems there's nothing being done about it. Here in Australia I rarely here of any discussion on energy, and even if people believe it, they seem to think it won't be so bad, we'll just use trams and trains but still enjoy a high standard of living. Many people still don't know about the concept or are in denial. It's like a bad dream, almost surreal that this is happening. The moment that govts and people officially recognize peak, there will be a huge panic and a rush for alternatives, which will probably lead to exporting countries reducing their oil output for themselves and in the cost of alternatives soaring due to increased demand.