The weird thing is, only Australia seems to be reporting this story. I haven't seen it from any other source.

The tiny size of the US EV fleet:

To put this in perspective, I cropped the image to show only the AFV fleet for 2005, giving an image height of 1.4" for 600K vehicles. To illustrate the size of the ca. 135 million vehicles used for commuting in the US would require a bar 26.25 feet (8 meters) long.

Admittedly a rough figure, and a lot of people do carpool/use MT etc. Still! There are 243 million registered vehicles in the US total.

The Wagoner video I saw contained nothing about peak oil.

I don't think there is anything in the Aussie articles in quotation marks about it either.

However, if one counts "demand outpacing supply", that was what Total's CEO gave as his definition. Wagoner is quoted as saying that. But that's pushing it, for sure.

Hmmm - looks like the journalist was getting a little over-enthusiastic...