And anyway, in the long run... Peak oil is not an energy crisis. It is a liquid fuel crisis.
The market doesn't make them, so it just doesn't make sense to pretend that it does.
From the perspective of understanding what is going on around us, it doesn't make sense to pretend that fictitious commodities are products of the market in either the long term or the short term. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.