Peak Oil update

"World oil production (EIA Monthly) for crude oil + NGL. The median forecast is calculated from 14 models that are predicting a peak before 2020 (Bakhtiari, Smith, Staniford, Loglets, Shock model, GBM, ASPO-[70,58,45], Robelius Low/High, HSM). 95% of the predictions sees a production peak between 2008 and 2010 at 77.5 - 85.0 mbpd (The 95% forecast variability area in yellow is computed using a bootstrap technique)."

I found this chart over at the Oil Drum. It clearly shows the prediction that we are probably enjoying the peak right about now. Could it be that the rising oil prices we are currently experiencing, even though the economy is apparently still in the dustbin, are the first harbingers of far worse to come?

Sorry about the two grim posts from yesterday and today but every now and again I feel it is good policy to remind myself about what we are up against. While we luxuriate on the sofa, eating grapes. The Hydrocarbon Twins, climate change and peak oil, are moving their seige engines against the city gate!