Peak Oil? Is it becoming fact?

With oil prices hitting record high prices every day or so - crude oil hit $56.10 a barrel today - is peak oil becoming a fact? I'm not a scientist though I did play one on TV once, so I don't know. Here are a couple of sites concerning peak oil; Hubbert Peak Oil and Life After The Oil Crash, so judge for yourselves. There are also numerous dissenting opinions on the web. I'll let you google those for yourselves.