Have we reached Peak Oil?

The energy thread recently made me rethink the whole Peak Oil Question and the consequences. Have we reaced Peak Oil? If so what will its effects be if we fail to develop alternatives to fossil fuels.

As I see it.
War to consolodate controll of the ME to ensure not just that the oil flows, but it flows to us.
Civilization barring complete thermonuclear war reverting back to pre-industrialized times
Whole lot less people
anarchy etc.

What do people think?
www.energycrisis.com...