Here's the latest data on oil production via The Oil Drum.
The various extended lines are various predictions of oil needs vs. predicted production.
Is production about to roll over? Are we peaked? I certainly don't know. But it sure seems that if oil production were to be hitting new highs it would be during times of economic expansion, like now. Clearly it's not. So we shall see. Meanwhile, have you noticed what you're paying for gas lately?