Peak Oil and Peak Food

In 1964 M. King Hubert predicted that oil production would peak around the year 2000 and then decline. Well folks after much hand wringing by governments and environmentalists, peak oil just didn't happen. Due to new technologies North Dakota is now competing with Saudi Arabia for world oil dominance. The US has become a net exporter of oil in the last five years. This has slowed the massive transfer of wealth to empires in the middle east, I'd much rather contribute my petroleum dollars to the good old boys in North Dakota.

So why was the peak oil demand so far off?