According to The Grey Lady, we are past the Hubbard Peak: http://green.blogs.nytimes.com/2010/11/14/is-peak-oil-behind-us/?src=twt&twt=nytimesgreen
Peak oil is not just here — it’s behind us already. That’s the conclusion of the International Energy Agency, the Paris-based organization that provides energy analysis to 28 industrialized nations. According to a projection in the agency’s latest annual report<http://www.worldenergyoutlook.org/>, released last week, production of conventional crude oil — the black liquid stuff that rigs pump out of the ground — probably topped out for good in 2006, at about 70 million barrels a day. Production from currently producing oil fields will drop sharply in coming decades, the report suggests. The agency does not see energy doom on the horizon, however. By its estimation, after a short dip in production, crude production will reach an “undulating plateau” of about 68 million barrels a day between 2020 and 2035. <more>
