US Military warn of fuel shortages in only 3 to 5 years

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US Military warn of fuel shortages in only 3 to 5 years

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. Looks like its worth spending money on a more fuel efficient car when you upgrade next.

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.
... Quote:
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

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.
says the report, which has a foreword by a senior commander, General James N Mattis.

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."

Future fuel supplies are of acute importance to the US army because it is believed to be the biggest single user of petrol in the world.

More on the link http://www.guardian.co.uk/b...
By netchicken: posted on 13-4-2010








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