Petrus could definitely be as fast as CFOP or Roux(IMO). I think the reason no one has gotten as fast times as with CFOP or Roux with Petrus is that not many people use Petrus.

x2 U' L F' D2 L' // cross
R' U' R U' R U R' L U L' U // 1st pair
y R U2 R' U' R U R' // 2nd pair
L' U L y' L' U L // 3rd pair
U' R U' R' y' U R' U2 R U2 R' U' R // 4th pair+EO
U2 R2 D' R U2 R' D R U2 R y' // OLL
R' U2 R U2 R' F R U R' U' R' F' R2 U' // PLL
alg.garron
Next:R2 F2 U' R2 F2 U2 L2...

I probably won't be staying after the competition's over. I have a 2 hour drive home, so my parents will want to leave early:(
You have no idea how much I envy you.

z2 F' U R' U F R F2 // 2x2x2
x2 R U2 R' U L' U' F U2 F y' // 2x2x3
R U' R' F R U' R' // EO
d R U' R U2 R U' R2 U R U' R U2 R' U' R U R' // Finish F2L
R U2 R' U' R U' R' y' R' U2 R U2 R' F R U R' U' R' F' R2 U' // LL
alg.garron
Next:R2 B2 R2 B2 R2 D L2 B2 D2 R2 D2 F' L D R F R2 F' L2 U F

x2 F2 y R' F R // cross
U D' F' U F y R U2 R' y U R U R' D // First two F2L pairs
y' D' U' R U' R' D // 3rd pair
y R U' R' y' R' U' R U' // Last pair with partial edge control
R U R' U' R' F R F' U' x' R U' R' D R U R' D' R U R' D R U' R' D' F' // LL
alg.garron
Next: F2 R2 U L2 B2 U L2 B2 L2 D...

L' F' R' U' F' R2 F2 // 2x2x2
y R U' B R U' R' U2 R' // 2x2x3
y r U r' U2 M' U M R' y R U' R' F U' R U' R' y' // WeirdEO(lol)
R U R2 U R' U' R' U' R U' R' U2 R U R' U' R // Finish F2L
R U2 R' U' R U R' U' y' R U R' R2 u' R U R' U R' u R2 // LL

The one that I use for OLL parity is:Rw2 B2 U2 Lw U2 Rw' U2 Rw U2 F2 Rw F2 Lw B2 Rw2. PLL parity:Rw2 U2 Rw2 Uw2 Rw2 Uw2 U2. Some others:http://www.youtube.com/watch?v=X2gFjQTmiqQ