Wednesday, April 14, 2010

Bunch a hippies, I tells ya

The US Joint Forces Command sounds like a bunch a treehuggers.
"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."
Actually, the whole document (PDF) is kinda wild, because it reads like the military has been subscribing to TheOilDrum for a few years now.

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