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German Military Braces For Peak Oil

myrdos2 writes "A study by a German military think tank leaked to the Internet warns of the potential for a dire global economic crisis in as little as 15 years as a result of a peak and an irreversible decline in world oil supplies. The study states that there is 'some probability that peak oil will occur around the year 2010 and that the impact on security is expected to be felt 15 to 30 years later. ... In the medium term the global economic system and every market-oriented national economy would collapse.' The report closely matches one from the US military earlier this year, which stated 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."

2 of 764 comments (clear)

  1. Re:Prophecy by General+Wesc · · Score: 5, Informative

    It's not about to run out. It's about to--wait for it--PEAK. Production has been increasing since its discovery and soon it will begin to decrease--but 'decrease' (or even 'decrease fast enough to be big trouble) does not equate 'decrease quickly enough to solve global warming', especially considering the time lag.

  2. Thorium Reactors people! by TheNarrator · · Score: 5, Informative

    Check out this google tech talk on Thorium reactors; http://www.youtube.com/watch?v=AHs2Ugxo7-8
    Some Wikipedia Articles:
    http://en.wikipedia.org/wiki/Molten-salt_reactor_experiment
    http://en.wikipedia.org/wiki/Molten-salt_reactor

    Thousands of years of safe carbon-emission free energy. Working reactors were developed and operated successfully in the 60s. Small scale reactors are currently running in India with plans for larger scale reactors. Nobody put any research effort into it back in the 60s because you can't make nuclear bomb material with it and the government wanted to go with only one design. Anyway, check out the video, it explains all the nitty gritty technical details.