US Military: Peak Oil 2012

[Philobeado]

Mad Max time.....


The U.S. Joint Forces command has issued a Joint Operating Environment report that states that surplus oil production capacity could disappear within two years and that there could be serious shortages by 2015. From the report:

By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 million barrels per day, 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.


U.S. military warns of oil production shortage by 2015 — Autoblog Green

 

[Old Rocks]

M. King Hubbert • Hubbert Peak of Oil Production

The late Dr. M. King Hubbert, geophysicist, is well known as a world authority on the estimation of energy resources and on the prediction of their patterns of discovery and depletion.

He was probably the best known geophysicist in the world to the general public because of his startling prediction, first made public in 1949, that the fossil fuel era would be of very short duration. "Energy from Fossil Fuels, Science" [scanned, 260 kb] [Printing aids] [February 4, 1949]

His prediction in 1956 that U.S.oil production would peak in about 1970 and decline thereafter was scoffed at then but his analysis has since proved to be remarkably accurate. See Nuclear Energy and the Fossil Fuels by M. King Hubbert, Chief Consultant (General Geology), Exploration and Production Research Division, Shell Development Company, Publication Number 95, Houston, Texas, June 1956, Presented before the Spring Meeting of the Southern District, American Petroleum Institute, Plaza Hotel, San Antonio, Texas, March 7-8-9, 1956

 

[uscitizen]

Duplicate thread.

 

[kyzr]

here are a few long range projections. they depend upon the Obama or Palin perspective. Will prices "necessarily need to skyrocket", or will the policy be "drill baby drill" (including in ANWR)

Forecasts of Future Oil Output