German Military Braces for Scarcity After 'Peak Oil'

zod

[New York Times]

A study by 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 German military study, which was analyzed and partly translated into English by Der Spiegel, declares that once peak oil begins in earnest, economies around the globe — including Germany’s — will probably struggle with price shocks as a result of higher transportation costs, and “shortages of vital goods could arise.”

“In the medium term the global economic system and every market-oriented national economy would collapse,” the study continues.

I'd imagine that Irish preparations are well underway.

Judgement Day

Try telling anybody in Ireland that and you're wasting your time. We've just finished connecting every village in Ireland by motorway so 'peak oil' is just alarmist rubbish - like global warming. :rolleyes:

Coles

zod wrote: »

I'd imagine that Irish preparations are well underway.

Iodine tablets for everyone!

silverharp

Judgement Day wrote: »

Try telling anybody in Ireland that and you're wasting your time. We've just finished connecting every village in Ireland by motorway so 'peak oil' is just alarmist rubbish - like global warming. :rolleyes:

the motorways dont have to have cars on them, €10 euro a ltr and I'll take a bus