US Military – It is Official – Oil Production to go into Decline
Posted: April 11th, 2010 by: h2
Well, I was skeptical, but here is the The Joint Operating Environment 2010 (pdf – explicit discussion starts page 26 of the report, section ‘Energy’) report from the US Joint Forces Command.
The guardian had this story, but I didn’t want to mention it until I found the actual source pdf, linked to now above.
“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.”
US military warns oil output may dip causing massive shortages by 2015
And that’s about the size of that. Next we’ll be seeing the Republican party start to talk about global warming and the dangers it poses, after, of course, the next study comes out from the US military warning about that as well.