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4/16/10

postheadericon News Release: U.S. Military Warns of Oil Shortage as Early as 2015 (energy prices in peril?)


"A recent Joint Operating Environment report issued by the U.S. Joint Forces Command suggests that the U.S. could face oil shortages much sooner than many have anticipated.

The report speculates that by 2012, surplus oil production capacity will dry up; by 2015, the world could face shortages of nearly 10 million barrels per day; and by 2030, the world will require production of 118 million barrels of oil per day, but will produce only 100 million barrels a day." 
Link here. 

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