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11/24/2007: "Oil production may slow faster than thought"

A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barrels of crude oil that can be pumped every day.

Some predict that, despite the world's fast-growing thirst for oil, producers could hit that ceiling as soon as 2012.

[ Good. Harder survival will clear out the parasites. ]

http://online.wsj.com/article/SB119543677899797558.html?mod=hpp_us_whats_news