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Saturday, September 4, 2010

Thinking about peak oil?

This report from Germany paints a disturbing picture.

Military Study Warns of a Potentially Drastic Oil Crisis

"According to the German report, 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."

"Since virtually all economic sectors rely heavily on oil, peak oil could lead to a "partial or complete failure of markets."

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