Thanks for bringing this to our attention and digging the important pieces out.  The core group at TOD is really tireless in getting the numbers in front of the rest of us.

In my opinion the whole report can be boiled down to this quote from above -

"Out of these 20 trillion barrels of oil equivalent (boe), 5 to 10 trillion can be considered technically, but not necessarily economically, recoverable, depending on recovery rates, technological progress and long-term price assumptions."

They are basically saying in this report what all of us who believe in Peak Oil are saying.  We will never run out of oil, just oil that can be recovered fast and with positive EROEI.  Just reread the sentence ----"but not necessarily economically, recoverable---" and think about the implications.  Having a huge proven reserve of oil that is unrecoverable is useless as an energy source.

Half of all the oil they list probably can't be recovered economically but they still tell everyone we have lots of oil in the ground.  And because of this we can't be near peak production.  

It's fun with numbers on a spreadsheet.  But like the previous post said, they haven't technically lied, and have left an escape route if that oil is never brought to market - we didn't develop the technology.