I doubt crude reached its peak (meaning going downhill after).. We're finding more lall the time. Its a matter of extraction. RTight now, and for the next 70 years, we have as much oil as we can get out of the ground with the equipment available to pump in a 24/7 period. The bottleneck is at the refinery level.. Because of that, the price is so high. Part of the price issue is because of the weakend dollar making imported commodoties more expensive, but that does not account for all of the current $67 a barrel price..
We pump 29 billion barrels per year right now, at a 3 percent increase per year demand would call for 230 billion barrels per year in 70 years. In other words, you're dreaming!!! Even with a 1 dollar per gallon increase we are seeing a 1 percent increase in demand. If we get gas to 3.00 per gallon demand might stay flat for a couple of years. Peak oil is just around the corner.