People are mad because the price of gasoline has gone up. They want cheap, cheap oil so they can drive to work alone in a car instead of car pooling or taking public transportation.
Oil has not even come close to peak oil prices adjusted for inflation.
June 1979 monthly average peak = $100.52 per barrel in June 2006 dollars.
June 2006 monthly average oil price = $62.85 per barrel.
http://inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Chart.asp
Business Week Magazine examples of 2005 profit margins:
Banks 19%
Pharmaceutical 18%
Software 14%
Household products 13%
Real estate 10%
Energy companies 9%
Insurance 8%
All industry 8%