Peak Oil is here, I think

From the Guardian report:

Global oil production today stands at around 85m barrels a day. The CEO of Total has said that we won't get close to 100m barrels a day, much less the 115m programmed into assumptions about a growing global economy. The former head of exploration and production at Saudi Aramco, which until recently controlled the largest reserves in the world, thinks we are already on a plateau at 85m barrels a day, and can lift production no further. ... If the "peakists" are correct, and the oil establishment suddenly awakens to its dysfunctional culture of overoptimism, here is what is likely to happen. The oil and gas producers are going to start keeping what remains for themselves, in an effort to feed their own economies. Many countries would then face the threat of not having enough oil and gas to run the production processes needed to manufacture the low-carbon technologies that could replace oil and gas. Or, indeed, to feed themselves.

Let the reader understand ...