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An interesting analysis which throws some doubt as to the validity of the peak oil concept. I don't have any information to the contrary, so will assume the numbers in this article are reasonably correct.
Jun 15 13:00 pm
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All Comments by Old Trader »Gazprom Neft Aims to Become Russia’s Leading Oil Producer [View article]
Having said that, given the current poltical climate in Russia, I can easily see oil being used as an economic "weapon" to bolster Russia's resurgence as a "super power". In other words, I suspect one shouldn't be looking for a return to "cheap oil" anytime soon, even if all of the production increases mentioned above do, in fact, occur.
jan