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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.
Source: More Here
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US Military Warns Massive Oil Shortages by 2015
islandgrl- Admin
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sunnysideup- Posts : 398
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Re: US Military Warns Massive Oil Shortages by 2015
by sunnysideup Sun Apr 18, 2010 6:47 pm
Well, the oil supply is not infinite, they will run out at some time, the question is when. I don't think it will be quite that soon.
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