Remember that the North Sea was produced with concurrent waterflood and the advanced techniques that are also in use in Saudi Arabia, and remember that when they were used in the Yibal field in Oman they led to the collapse of production there.

Texas and Prudhoe Bay are being produced with water cuts far exceeding Ghawar, and nobody is worried about them collapsing.
http://www.worldenergysource.com/wemr/letterB_0905.cfm

rockdoc123 at peakoil.com (I believe he's a petroleum engineer) has a great post on this topic at peakoil.com:
http://www.peakoil.com/post210853.html#210853

You're kidding, right?

Texas and Prudhoe Bay are so far down the backside of their decline curves it ain't even funny.

Depleted fields can't collapse.

That particular poster plays a strict contrarian and never makes a consistent set of arguments.
Yes. I agree with you on that. Still, do keep in mind that this subject needs advocates of the devil and contrarians in order to keep everyone sharp and factual. Cherish JD I'd say :-)
I am fiercely opposed to peak oil doomerism and fearmongering, and have never once veered from that line.