Columnist over at MSN Money predicting that oil may fall - as much as 10 percent! - between now and the fall, but there are “some nasty shocks on the supply side just waiting in the wings,” such as this:

The bad news on the supply side is likely to reach a peak in November when the International Energy Agency, the energy arm of the developed economies that make up the Organisation for Economic Co-operation and Development, is set to release its most detailed report ever on the state of the world’s oil reserves. The report will likely paint a bleak picture of declining production from mature reserves and project that massive additional investment can slow but not reverse the decline.

Dunno if this is true or not, but if so - there’s your peak oil, right there.

And then the ride really takes off.