and you are quite correct about Iraq being manipulated. This is nothing new, one of the reasons (indeed, perhaps the main reason) for Gulf War I was to freeze Iraqi production and limit their exploration and development to artificially flatten the peak, stretching it out and creating this wobbly plateau we're now seeing.

It is important to keep in mind that Saddam's justification for invading Kuwait was that he accused the Kuwaitis of horizontal drilling into Iraqi oil fields and stealing Iraq's oil. Who is to say that this is not going on now and that this stolen oil is not being used to displace falling Kuwaiti and Saudi reserves? I strongly suspect that this is the case.

American-style corporate capitalism is all about profit maximization, they will do anything they can get away with in pursuit of this end.

Once the market realizes and assimilates the reality of peak oil, prices will go even higher until they find equilibrium with demand (including future demand and alternatives which replace petroleum products).

Along with artificial scarcity manipulating supply, I suspect that there is a co-ordinated effort at targeted demand destruction, as well. These market manipulations are to further mask the reality of peak oil and extend the oil era for as long as possible, further maximizing the profits of those who control oil.

As for me, I don't drive as much and combine trips whenever possible. A clean vehicle and proper tire pressure aids fuel mileage, as well.

Fortunately, I'm in good health and love to walk and ride my bike.

I hope that you and yours are well.

The truth shall set us free. Love is the only way forward.