The Club of Rome cast an uncertain shadow over the future of the world in 1972, when they suggested that the world would soon face a dearth of resources by the turn of the millennium. Unfortunately, their figures were correct and the oil shocks that lasted through the 70s and 80s of the 20th century into the fall of oil prices in the 1990s, which even came as low as $10 per barrel, continued to prove those reports right.


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