Warnings Persist: Serious Oil Shortages by 2015

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Jul 162010
 
Warnings Persist: Serious Oil Shortages by 2015

“By 2012, surplus (global) oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 MBD (million barrels per day). United States Joint Forces Command document. (p.29) The bad news: “Fossil fuels will very likely remain the predominate energy source going forward.” Warnings of significant oil shortages […]

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