Peak Oil: The theory that for any given oil well output from that well will gradually increase until it hits peak production, after which production will gradually, but inevitably decline. Some believe that the planet as a whole has surpassed peak oil, and that world oil production will continue its inexorable decline.
Peak Morton: The theory that after a career of flat and limited production, near the end of his career Charlie Morton has a sudden, unexpected, and extreme increase in output, followed inevitably by an equally sudden and extreme decline.