Everything I see as of late suggests exactly what this article just mentioned.

Peak oil is a false term.

Look at what Greg Palast has put out. Look at the Chevron discovery in the gulf.

Everything I have read says that a huge oil reserve is located in the gulf of mexico we just have to drill deep enough to tap it.

Remember they dont make money if there is a bunch of oil in the world. Hell just the threat of a drop in production raises the price $10bucks/barrel