Slashdot Mirror
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."
Yes, reactors of many types have been built. The problem (and my point) is that none of those experimental reactors built have delivered the safe and inexpensive power that was promised.
Worse, none have even shown that the respective technology has the potential to become safe and inexpensive.
The cold fusion was a lame joke, although in terms of feasibility it is in the same ballpark.