Peak Oil or Just Peak Oil Prices?

I append hereunder a comment I sent to Peak Oil Website regarding recent fluctuations in crude oil prices and shall be pleased to receive your feed-back on the subject.

Dear Sir

Regarding the article in the Wall St. Journal published Tuesday 16 September under the heading " Peak Oil or Just Peak Oil Prices",please see the link,
I think it is time to understand that there are no "rights and wrongs" in explaining the reasons behind the seemingly "unreasonable" fluctuations in crude oil prices world wide in the last few months. OPEC are blaming " Speculators" driven by greed, and they are right. Consumers put the blame on OPEC for restricting supply "as a mean of getting higher prices" again, they are right. Environmentalist are certain that we are close to hitting "Peak Oil" and that will be true, sooner or later. Economists are relating all this to the rising demand for crude oil from mainly China and India and that is certainly true. Peace movements are talking about "oil- wars" as the reason behind lack of exploration and production in the Middle East and the Caspian, and that is a factor as well. To sum it up, there is no single reason behind the chaos that we see nowadays in the oil market. Serious attempt by all parties concerned must be made to find a solution to a problem that (if not solved) could entail devastating consequences to humanity as a whole. It is very wrong to leave it to "market forces and supply and demand!" to find the answer. We are talking about an "exhaustible resource" within the boundaries of countries that are "politically unstable", the extensive and unlimited use of which might cause real damage to world environment, yet is extremely essential to the development and prosperity of all nations. The solution must be "part and parcel" of a comprehensive policy of "Pricing and Limiting the use of oil " and move towards the development of sustainable energy resources. It is high time that leaders of the world ( through the UN) realise that this planet can not continue running "indefinitely" to serve the interests of the few, It is high time we address the legitimate concerns of all parties of this equation or else, things may run out of control. Thank you

Mundher Al-Saleem