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The US military has warned 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.
The Paris-based International Energy Agency remains confident that there is no short-term risk of oil shortages but privately some senior officials have admitted there is considerable disagreement internally about this upbeat stance.
Originally posted by boondock-saint
now you see
I told them years ago to ween off the stuff
else we would have this problem
but did they listen????
It's just a reminder to the public that we
need to stay in Iraq and Afgh.
It's propaganda to keep us doped on oil
where there are plenty of alt energies
Originally posted by yellowcard
The U.S. military makes up, I believe 15% or so of U.S. oil consumption, and as an entity, they are the largest consumer of oil in the entire world.
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."
I don't believe in peak oil at all, but the U.S. military has a huge interesting in oil. The U.S. military makes up, I believe 15% or so of U.S. oil consumption, and as an entity, they are the largest consumer of oil in the entire world.
Originally posted by C0bzz
Also in Japan apparently oil is about $6 per gallon, hence half of all new vehicles are hybrids. They are probably going to be running their cars off electricity in the future. Apparently it's also possible to synthesize fuels from as little as $2 a gallon. Personally I think we should get away from oil ASAP.
Originally posted by xxshadowfaxx
I don't believe in peak oil either.
Originally posted by ANNED
the US military is already working on alternative fuel supplies.
The Department of Energy was formed after the oil crisis on August 4, 1977 in order to end the United States dependence on foreign oil by President Jimmy Carter's signing of legislation, The Department of Energy Organization Act of 1977.
I don't know what you've been told or have read, but oil is actually extremely cheap, especially in comparison to alternative energies. Even if we did have a shortage, oil would have to get to $200 or so a barrel before it was economically efficient to use a different fuel source. Like it or not, oil is cheap, might not feel like it...but that's because you take it for granted.