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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Paxb2u who wrote (32885)	12/3/2010 1:02:05 PM
From: DebtBomb	Read Replies (1) \| Respond to of 71456

People think this stuff is a joke. We WILL ALL be driving electric cars or walking. In 20 years, there is no oil available anywhere at any price, IMO. Oil is about to blast off again. All commodities are becoming scarce as the human carrying capacity of the earth is busted. Joint Chiefs of Staff. peakoil.com The 2008 and 2010 JOE reports describe in identical terms a diagnosis that figures to this day to be among the most pessimistic on the question of an eventual structural oil shock between now and 2015 [I was the first journalist to point this out, in April 2010 ] In the Joint Operating Environment 2008 report [p. 17 ] and JOE2010 [pp. 28, 29 ], one can read: “By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 MBD.” 10 million barrels per day is approximately the equivalent daily production of Saudi Arabia. If in 2015, in satisfying the world’s energy demand, there was really a gap equivalent to the Saudi production, the years to come would promise to be extremely delicate with effects spread throughout the world, affecting the economy, politics, and, especially, the military forces. Ras Tanura The 2010 Joint Operating Environment report warns: “A severe energy crunch is inevitable without a massive expansion of production and refining capacity. While it is difficult to predict precisely what economic, political, and strategic effects such a shortfall might produce, it surely would reduce the prospects for growth in both the developing and developed worlds. 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. At best, it would lead to periods of harsh economic adjustment. To what extent conservation measures, investments in alternative energy production, and efforts to expand petroleum production from tar sands and shale would mitigate such a period of adjustment is difficult to predict. One should not forget that the Great Depression spawned a number of totalitarian regimes that sought economic prosperity for their nations by ruthless conquest.“ You can download the 76 page document from USJFCOM. jfcom.mil