Due to waxy buildup?

Stuart at TOD posted an incredible plot concerning recent energy projections from the U.S.A.'s Energy Information Association (EIA). Prompted by a commenter who pointed out that the largely linearly extrapolated expected growth in oil production assumed increases from a majority of the oil producing countries, Stuart quickly plotted this curve for US production based on the EIA data:

Notice that the EIA thinks that we will reverse the downward trend of oil depletion, and start picking up production, significantly. Significant to the point that we will regroup to 1987 levels within the next 15 years!

If true this will become the greatest comeback since Richard Nixon won the presidency, or perhaps the Resurrection of Jesus!