Peak Oil means that, on balance, fields around the world that are young and still under high gas pressure, thus expanding their oil output, are equaled by older declining fields with lower pressure, which are forced to let their output slip each year.

FORBES: Magazine Article

Adding downward pressure, Brazilian oil giant Petrobras said its oil output was back at full capacity and would remain so through the end of a five-day energy workers strike that started at midnight Sunday.

FORBES: Crude Takes A Header