(Edit note for 26 April 2010: The US military do NOT yet appear ready to admit this is a result of the geological constraints of peak oil, but are in fact only discussing supply constraints. Apparently they think one can just pump more money into the industry and more oil will appear! If we just build more rigs and employ more geologists, God will race out and stick more oil in the ground for them to discover! 😉
Originally Posted by The Guardian UK, April 11, 2010
The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact. The energy crisis outlined in a Joint Operating Environment report from the US Joint Forces Command, comes as the price of petrol in Britain reaches record levels and the cost of crude is predicted to soon top $100 a barrel.”
By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 million barrels per day,” says the report, which has a foreword by a senior commander, General James N Mattis.
It adds: “While it is difficult to predict precisely what economic, political, and strategic effects such a shortfall might produce, it surely would reduce the prospects for growth in both the developing and developed worlds. Such an economic slowdown would exacerbate other unresolved tensions, push fragile and failing states further down the path toward collapse, and perhaps have serious economic impact on both China and India.
“The US military says its views cannot be taken as US government policy but admits they are meant to provide the Joint Forces with “an intellectual foundation upon which we will construct the concept to guide out future force developments.”
Search this blog
James Hansen promotes this FREE book as THE solution to climate change!
This free book analyses the limitations of intermittent, dispersed renewable energy
Free poster to download
Eclipse Now on Brexit – what a mis… logiclogiclogic on Brexit – what a mis… Eclipse Now on How low is Trump’s … Greg Monks on How low is Trump’s … Eclipse Now on Nuclear power PREPARES for cli…
My political persuasion
My CategoriesAbolish State govts About this blog Activism Aircraft Alternative fuels Art and Design Biochar Biodiversity loss Biofuels Charismatic Christian climate change Coal Collapse Computers Creationism Denial Dirty fuels (Fracking, CTL, GTL) Doomer Ecology Economics Electric Vehicles Ethanol EU Family Food Futurism / Singularity Geo-engineering Global Governance Global Warming Gun control Health Hydrogen Industrial Ecosystems Mars Materials & Metals Movies and TV Music New Urbanism Nuclear nuclear power Ocean Open Source Open Source Hardware Peak Oil Phosphorus Plastic Politics Pollution Population Posters Rail Renewable energy Robot Cars Rubber Duck (Humour) Sci-Fi Simpol Social Justice Soil Solar Space Storing energy Stress trains Transport Uncategorized War Water Wind Writing / English