Sunday, May 23, 2010

U.S. Military Warns Oil Output May Dip Causing Massive Energy Shortages by 2015

United States Joint Force Command - The Joint Operating Environment 2010

The original report from the United States Joint Force Command is embedded above in this article. The newspaper article from The Guardian that sparked my interest in this story is quoted below.

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.

This information may be found on page 29 of the embedded report.

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