Squeeze it or not, there is a finite quantity of oil in the ground. The oil investors will squeeze all the profits they can out of the oil that they control by any means possible. Everyone who can rub two neurons together recognizes the coming shortage and many, including the former administration will profit greatly. Some argue it will hit like a ton of brick, others are more moderate. Everyone should think about how they will commute to work or stay warm in the Winter when the price approaches $5-10 per gallon and beyond. Demand for oil is inelastic which means the price can shoot up drastically as we have already seen.
Uranium has proven to be anything but "clean and safe." The rates of cancers are skyrocketing, especially in areas that vaporize depleted uranium used in armor and shells (Middle East right now). Just a miniscule quantity is fatal and it's being blown around the world by the wind. Don't expect mass media to say anything significant about this, because accurate information is extremely valuable and dangerous to some. It's better to keep the masses ill informed and mislead. Corporate profits will be forthcoming.
The first peak oil happened within the scope of the United States in the early 1970s. The world-wide peak oil is unraveling right now as can be seen in the invasion and occupation of the Middle East by the United States. There is bound to be violent conflict with some countries devastated, sadly.
I am learning how to live simply without a lot of fuel, new products, convenience foods, or power. It's a bit like being a survivalist, but it can be fun if put into the framework of a game. I do not want to contribute to the so-called 'war' in any way and am considering early retirement to avoid paying taxes into the military-industrial-congressional-drug-f... complex. It's Nash game theory at the global level. How un-imaginative.
I ride my bike to work and am growing a garden this year. My home on a small farm is heated with wood and I'm looking at solar heating solutions and larger gardens next year.