The result would be the collapse of the industrial supply chain. "In the medium term the global economic system and every market-oriented national economy would collapse," the report states.
That collapse could, in turn, cause many countries to abandon free markets principles, the report states. Deals would be struck between oil-exporting and oil-importing countries that would fix prices and remove large amounts of oil from the global market place.
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So now we have the German military speaking to "Peak Oil", or at least a think-tank inside the German military. This report is pretty much stating what many of us have been saying for a long time now and it's good to see that other western powers are acknowledging it.
This report is quite interesting as it states that "Peak Oil" will happen within a year or so. What do other members think? Is "Peak Oil" a reality that we should be worrying about? Personally, I think this could be the reason for all of the preparations being made by governments around the world for civil unrest.
--airspoon
www.rawstory.com
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