[Graeme]

Petroleum Exec: World is Very Close to Peak Oil Production

The CEO of Europe’s third-largest energy company said that the world is currently very close to its peak oil production capacity, and warned that the supply may not be able to keep up with demand in the years ahead.

“The capacity that the oil industry has to go to 93-95 million barrels per day is already over,” Christophe de Margerie, chief executive of Total, the French oil and gas company, said.

http://www.consumerenergyreport.com/2009/02/16/petroleum-exec-world-is-very-near-peak-oil-production/

[eastbay]

Good find. This helps further validate what we've been saying around here for several years now. We'll know the date for sure when we see it in the rear view mirror.