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.