Plus: “Peak Oil” production for the United States occurred in 1970, and never shall be exceeded.
Until a few years ago, this prediction held.
We still have not reached the +10 million barrels a day of crude oil from 1970, but we are getting close.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M