OPEC owning up to Peak Oil shadow?

As oil passed $85/bbl today, OPEC admitted that growing tightness in production may not loosen up because non-OPEC members aren’t producing as much oil:

Despite the Organization of Petroleum Exporting Countries' decision last month to boost its production by 500,000 barrels per day beginning next month, the rest of the world will likely produce 110,000 fewer barrels of oil per day than expected in the fourth quarter, OPEC said in a report.

The Peak Oil, it is a coming, Dylan might sing.