Jimmydreams
Well-known member
http://seekingalpha.com/article/243656-twip-report-warns-of-much-higher-gas-prices?source=yahoo
"As indicated by the Joint Forces warning to US military commands, price increases will get much higher: "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 International Energy Agency (US Treaty Member) in the 2010 World Energy Outlook reinforces the military warning, noting the economy depends on oil "fields yet to be found".
Discuss.
"As indicated by the Joint Forces warning to US military commands, price increases will get much higher: "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 International Energy Agency (US Treaty Member) in the 2010 World Energy Outlook reinforces the military warning, noting the economy depends on oil "fields yet to be found".
Discuss.