The Countdown for the Peak of Oil Production has Begun – but what are the Views
of the Most Important International Energy Agencies, by W. Zittel, J. Schindler, L-B-Systemtechnik [2004 October 12]
"Conditions of the world's oil supply have entered into a new phase: increasing demand pressure, worries about the security of supply in important oil producing countries, speculative factors, but particularly, clear indications that limitations on the supply side have caused unexpected and high price increases. In view of the fact that an increase of oil production is obviously becoming more and more difficult, it is now almost irrelevant, whether the peak of oil production has already been reached or whether growth of production “only” can't keep pace anymore with rising demand."
... as quoted at ODAC