Replying because I hit the wrong mod button
Many charts, graphs, and interpretations. Important data.World total liquids production (Fig 1) remains on a peak plateau since 2006 and is forecast to fall off this peak plateau in 2009. According to the IEA, the current peak production of 86.13 mbd occurred on July 2006 and only one year later, June 2007 total liquids production fell to an unexpectedly low 84.28 mbd. As long as demand continues increasing then prices will also continue increasing.
Research is what I'm doing when I don't know what I'm doing. -- Wernher von Braun