German Military Braces for Scarcity After ‘Peak Oil’

September 11, 2010 by Editor
A study by the Future Analysis department of the Bundeswehr Transformation Center (a German military think tank) leaked to the Internet warns of the potential for a dire global economic crisis in as little as 15 years as a result of a peak and an irreversible decline in world oil supplies. The study states that there is “some probability that peak oil will occur around the year 2010 and that the impact on security is expected to be felt 15 to 30 years later….“In the medium term the global economic system and every market-oriented national economy would collapse.”