Is global oil production reaching a peak?

A few years ago only a handful of geologists and academics were considering such a possibility.

But now it appears even governments are taking a serious look at the subject.
http://news.bbc.co.uk/1/hi/business/4077802.stm

The world's oil reserves are running out much faster than industry and governments are admitting, a conference in Edinburgh has been told
http://news.bbc.co.uk/1/hi/scotland/4481841.stm