Romania is pretty much down, peaked ages ago, but with current prices anything is possible. They are even drilling in Austria again!

As a matter of fact, Romanian production could well be increased, even if they'll never return to peak production, if new investments are done to update the ancient equipment, put new competent engineers in charge, redrill old wells and drill new ones etc.

A Swedish company is doing that very thing.

Well, it's Ukraine now but used to be Romania.

Peak oil is not an energy crisis. It is a liquid fuel crisis.