Military Study Warns of a Potentially Drastic Oil Crisis

Thanks to Charles Hall for this article from Spiegel Online.
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A study by a German military think tank has analyzed how “peak oil” might change the global economy. The internal draft document – leaked on the Internet – shows for the first time how carefully the German government has considered a potential energy crisis.

The term “peak oil” is used by energy experts to refer to a point in time when global oil reserves pass their zenith and production gradually begins to decline. This would result in a permanent supply crisis – and fear of it can trigger turbulence in commodity markets and on stock exchanges.

For full article, visit:
http://www.spiegel.de/international/germany/0,1518,715138,00.html