Jean Laherrere: Revisiting “The End of Cheap Oil”

Prior to writing the article

After publication, our article was chosen as one out of 25 stories in the book Censored 1998, published by Sonoma State University. Their write-up describing the article included the following note:

21. Global Oil Reserves Alarmingly Overestimated
Colin J. Campbell and Jean H. Laherrere, two independent oil-industry consultants, predict that global production of conventional oil will start to decline within the next 10 years and be unable to keep up with demand thereafter. Their analysis contradicts oil-industry reports which suggest we have another 50 years worth of cheap oil to sustain us. As the independent report points out, economic and political motives cause oil-producing companies and countries to publish inflated figures, and this affects all of us.

As the price of oil went down to $10/barrel by year