In 1972, the Club of Rome attempted to shock stakeholders, politicians and policy makers with its Limits to Growth study forecast of All Liquids Peak Oil: 117-Mbd in 1995. They attempted to promote awareness natural resources are finite, but in jeopardy with growing global population. This was underscored in 1974 with M K Hubbert’s similar prediction: 111-Mbd in 1995 (excluding NGL, deep sea, polar, Orinoco & tar sands). Because OPEC manipulation truncated both these predictions, Colin Campbell attempted to update the long-term prospects for All Liquids . The Irish geologist stunned many when in 1989 he declared present All Liquids flow (65.5-Mbd) would never again re-attain its 1979 pre-crisis Peak of 67-Mbd ( ) . Well, he was very wrong (88-Mbd today). This episode made it quite clear the uncertainty & price volatility caused by such pessimistic reports (even by well-intentioned professionals) required formal addressing by the […]