By 1992, environmental activist Jeremy Rifkin claimed, we would achieve Peak Oil. Fossil fuels would begin to decline. Rifkin was just going by an environmental press release but Peak Oil had a long history; almost as long as oil itself.
In 1919, the chief geologist of the United States Geological Survey, said Peak Oil would happen within 3 years, while King Hubbert of Shell Oil predicted in 1956 that Peak Oil would happen by 1971. So by 1992 those claims were only working with a new generation of people who didn't understand science. In reality, math models containing all those variables are unlikely to be right.