[marcosdumay]

> the theory being that the demand for fossil fuel has peaked before we have reached peak supply

Demand == Supply

And that's even more true¹ for stuff like oil, that has a low volumetric price. Do you really think demand peaked because people could not find more uses for the stuff?

Oil is in a peak production crash. The prices volatility is a natural consequence of it, and will always stay as high as consumers' budgets allows.

1 - That means, it's true for almost any misleading definition of those terms you can come-up with.