I haven't the interest to wade through the thickets, but does the statement's details include Angola being brought into the system (or how Angola's expected ramp up in production is to be accounted)? How about Iraq's declining production, which is not subject to quota? Or Saudi Aramco's now confirmed reduced output?

There is a lot of very imprecise data, and much of it is not readily accessible anyways - the call for transparency is actually just the start of beginning to actually figure out what is going on, and then how to deal with it.

However, rising price in the face of flat production does seem to indicate certain shifts in the oil market, ones best explained by geology, in my opinion.

I have little attachment to any particular model or method - to me, peak oil is measured by what is coming out of the pipeline, and these days, it is less than a year ago, and not significantly higher, even as the price seems to have undergone an approximate doubling, since the amount of oil being produced flattened 2005.