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(NEWSER) – It's been rumored for a few years now;Nautilus' take on the looming "bourbon shortage" is that it already has hit. Though we're awash with Knob Creek and Maker's Mark, high-end and small-batch bourbons are in short supply, spurring well-heeled drinkers to clear the next tier of bourbon from the shelves.

As io9 explains, the reason we've arrived at this point can be distilled down to some poor predictions made as many as 20 years ago when the golden liquid filling today's premium bottles started being made. Basically, distillers didn't predict just how much demand would swell in this decade, and the Wall Street Journal reported in September that they've been burned before: They jacked up production in the 1970s, but demand plunged and prices followed.

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