Just read through this whole thread. Rockman has a point albeit a little tongue in cheek methinks. The basic premise of Abiotic oil is hogwash. Rock...saying all oil is abiotic has obviously swayed our local photoshop guru

Reminds me of a Truther or two I once knew
I think on a larger scale most of us who have been around the block can agree one a few things:
-Macro Economics and a global recession partly caused by high oil prices reduced global consumption solving some of the
oil price issues for the near term since the mid to late 2000's.
-The largest debt bubble in the history of the planet along with generally HIGHER average oil prices over the last
decade have allowed oil otherwise thought to be unrecoverable from a cost standpoint to flow.
-Technology has released just a bit more than the above factors....I.E Fracking and tertiary recovery.
-These factors have combined to mask, delay, and otherwise soften any Peak considerations a lot of us shared 5-7 or
even 10 years ago.
These factors have taken the original Doomers idea about PO off the table. Im kind of happy about all of it ATM. Im enjoying being in a better place my last few years of my working life due to it!!
But...I do not disregard that Fracking will not last forever. As Short has pointed out so well, the time is coming when the industry will have to face the music. Newer technologically benefited oil production will endure a double whammy of Old field depletion, and the ever mounting costs associated with exploiting these resources from both a monetary AND energy cost standpoint.
I think of the ideas that have come from some of us over the years in these discussions the POD and the Shortonoil's ideas are key areas to focus on if you want to know what the future holds. They may not be 100% correct, but intuitively they are in the right ballpark IMHO.
We bought some time. The POD is just that...DYNAMIC. Change will come..how much and how fast we start off the peak in the future is what we should all be thinking about instead of preaching some stupid idea that oil is brewing underground at rates which surpass our abilities to extract it.