Saudi’s final production peak will be in the last quarter of 2004.

[jmcgowanjm]

How can I claim that Saudi is about to go into irreversible
decline when even on the ASPO reduced recoverable
reserves the 50% depletion point will not have been
reached? The answer is that Saudi has at various times
put nineteen fields into production. Of these eight are
“Stars”, being highly productive fields that produce around
90% of the country’s production. All the others are “Dogs”
that have never worked well and probably never will.
Recovery rates of up to 50% may be appropriate for the
Stars. For the Dogs 10%, 15% or 20% would be
more appropriate. Make this adjustment and Saudi has
depleted more than 50% of its realistically recoverable
reserves. So my conclusion remains

In short, the BP data point strongly to an imminent global
peak.  Statements in August by OPEC President
Purnomo Yusgiantoro and Venezuelan Energy Minister
Rafael Ramirez that OPEC had reached the limit of its
production capacity support this interpretation.  We might
even be passing through the peak this year.


http://asponews.org/HTML/Newsletter46.html

Every inflection pt for peakoil has had a
concurrent historical event ie. RussianOilpeak 1989/
collapse of USSR.

Expect a >911 event to coincide w/ world peak,
definitely w/in the year.