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Politics : Rat's Nest - Chronicles of Collapse

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To: Wharf Rat who wrote (11219)	9/2/2010 6:47:22 PM
From: Wharf Rat	of 24225

German Military Study Warns of Potential Energy Crisis Posted by Robert Rapier on September 2, 2010 - 9:30am This week a study on peak oil by a German military think tank was leaked on the Internet. The document shows that the German government is closely studying the issue of peak oil, and is aware of the potential for serious consequences as oil production declines. The study is reminiscent of the Hirsch Report, commissioned by the U.S. Department of Energy, that warned of the risks posed by peak oil. The document warns of the potential for regional shortages, market failures, and a shift in political power toward those capable of exporting oil. This report describes potential outcomes that require planning and preparation. The scenarios outlined in the paper are exactly the kinds of drivers that lead me to advocate for greater regional energy self-sufficiency. The report clearly lays out just how vulnerable Europe will be because of its continuing dependence upon Russia for both oil and gas, and notes that Russia will be in a very strong political bargaining position as a result. There's more… (3086 words)http://www.theoildrum.com/node/6912

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