The official line of limitless supply as argued by Saudi Aramco President and CEO Abdullah S Jum‘ah:

Aramco CEO pulls apart 'Doomsday' Energy Forecasts (Second story down on Energy Bulletin.net)

http://www.energybulletin.net/37226.html

while a completely opposite view is offered by the former head of Saudi Arabian Exploration and Production Sadad Al-Husseini:

The Perfect Storm

http://www.energybulletin.net/36510.html

The contrast in these articles highlights how doubt can be created about a production peak in oil simply by offering wildly optimistic numbers. The natural inclination is to cut the difference in half between the two Saudis, i.e the truth must be somewhere in the middle, in which case we would still have a lot of time left before the peak. Of course, the Saudi Aramco CEO has little incentive to be honest with the world about this issue, any serious response by the industrialized world to reduce demand will for sure mean a serious reduction in revenues for Saudi Arabia. By contrast, Mr. Al-Husseini would by nature have spent most of his energy on the technical aspects of getting Saudi Arabian Oil out the ground.

Link to the November 19th front page Wall Street Journal article which discusses how Oil company officials believe we are facing significant constraints to increasing oil production.

http://www.energybulletin.net/37382.html

Two responses from the peak oil community posted on Energy Bulletin.net.

The Peak Oil Crisis: Wall Street comes to reality by Tom Whipple of Falls Church News-Press.

http://www.energybulletin.net/37523.html

which discusses the spin by WSJ and how this is still a dramatic admission.

Response to WSJ article by the Oil Drum's Gail Tverberg:

http://www.energybulletin.net/37438.html

Excellent refutation of the line in the article "Traditional peak-oil theorists, many of whom are industry outsiders or retired geologists, have argued that global oil production will soon peak and enter an irreversible decline because nearly half the available oil in the world has been pumped. They've been proved wrong so often that their theory has become debased."

As well as an excellent explanation of peak oil with good graphs of the present plateau.