Past the Peak?

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Via Slashdot, I see that world oil production peaked last year:

Princeton University geology Professor Kenneth Deffeyes has been studying world petroleum production data and has come to the conclusion that the world hit peak oil last December 16, 2005. If he is correct, total world oil production will never surpass what was produced last December.

From the post (link may change) over at Hubbert’s Peak:

There are some interesting additional bits in the end-of-year statistics. Compared to 2004, world oil production was up 0.8 percent in 2005, nowhere near enough to compensate for a demand rise of roughly 3 percent. The high prices did not bring much additional oil out of the ground. Most oil-producing countries are in decline. The rise in production was largely from Saudi Arabia, Russia, and Angola. The Saudi production for 2005 was 9.155 million barrels per day. On March 6, 2003 Saudi Aramco and the government of Saudi Arabia announced by way of the Dow Jones newswire that they were maxed out at 9.2 barrels per day. In retrospect, that statement seems to be accurate.

Not much to say at the moment, so I’ll leave it to you guys… any comments?