Catalyst - Oil Crunch, ABC TV

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Catalyst - Oil Crunch, ABC TV


Chris Skrebowski interview (Catalyst - Oil Crunch, ABC TV), Petroleum Review magazine



Dr Jeremy Leggett interview (Catalyst - Oil Crunch, ABC TV)


Fatih Birol (IEA) interview (Catalyst - Oil Crunch, ABC TV)

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WhiteHawk
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Joined: Jul 2 2009
Posts: 8
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Pentagon
United States Joint Forces Command:
U.S. JOINT OPERATING ENVIRONMENT REPORT 2010
Full report http://www.fas.org/man/eprint/joe2010.pdf
“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...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...The implications for future conflict are ominous, if energy supplies cannot keep up with demand and should states see the need to militarily secure dwindling energy resources.”

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