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Peak oil has happened or will happen some time around this year, and its consequences could threaten the continued survival of democratic governments, says a secret Germany military report that was leaked online.
According to Der Spiegel, the report from a think-tank inside the German military warns that shrinking global oil supplies will threaten the world's economic foundations and possibly lead to mass-scale upheaval within the next 15 to 30 years.
International trade would suffer
A report issued by the U.S. Joint Forces Command predicts that oil production will peak, and the world will begin facing shortages of 10 million barrels a day by 2015. Daily Finance Article The article also goes on to say that "experts" think oil shortages will cause another economic crisis by 2013.