Energy Crisis again?

I read a news today about the energy that would want people to pay attention to the potential energy sector play again!
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The latest figures released by the International Energy Agency,” comments Kevin Capp “show the global production of liquids dropped by 854,000 barrels per day from August 2006-August 2007.

“In addition, we're pumping out 1.53 million barrels per day less than the all-time high of 86.13 million extracted in July 2006. Translation: The sun may have already set on our ability to meet world demand.

“This is not good.

“Running that close to the bone means any systemic shock — a hurricane that damages drilling platforms in the Gulf, a terrorist attack on oil pipelines in Nigeria, an unexpected cold snap in the Northeast — could cause prices to skyrocket, impacting everything from costs at the pump to costs at the grocery store. What's worse, the less oil we have, the less it takes to zap the price upward.”