peak oil

well I just read in the newspaper that the price of gas in california will hover around 3.50 to 4.00 come february / europe pays over 6.00 per gallon /so get ready to pay higher prices soon / my feeling is that this is just the tip of the icberg / prices will keep going up and our pockets will be empty / corporations are making out like bandits / we are left holdind the bag of unfulfilled promises /changing the way we live can effect our communities /think locally live globally

Peak oil and free energy?
http://video.google.com/videoplay?docid=1992629256196958115 :
I am not sure about the free energy part (but I am willing to remain open minded).
The Peak Oil has got me concerned, though...

The ability of the media and the people to gloss over the most important news of the day can be quite unnerving.

Today an article says that Arctic winter ice cover shrinks to all-time low:

Satellite measurements show the area covered by Arctic winter sea ice reached an all-time low in March, down some 300,000km2 on last year.

Scientists say that the decline highlights an alarming new trend, with recovery of the ice in winter no longer enough to compensate for increased melting in the summer. If the cycle continues, the Arctic Ocean could lose all ice earlier than expected, possibly by 2030.