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U.S. military warns of severe oil shortage by 2015

Thursday, April 15, 2010 From Zero Hedge: A report issued by the US Joint Forces Command has a rather bleak view on US oil production, and on peak oil in general. In a foreword to the report issued by General James Mattis, he warns that "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." Does this mean that oil, just like in the Bush administration, is about to... Read full article... More on oil: A huge development for the Big Oil companies Why oil and gasoline could skyrocket this summer Energy breakthrough could give U.S. massive supplies of cheap oil