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'Peak Oil' and the German Government: Military Study Warns of a Potentially Drastic Oil Crisis -SPIEGEL ONLINE - News - Internat
www.spiegel.de/international/germany/0,1518,715138,00.html, posted 2010 by peter in energy finance oil politics
The study is a product of the Future Analysis department of the Bundeswehr Transformation Center, a think tank tasked with fixing a direction for the German military. The team of authors, led by Lieutenant Colonel Thomas Will, uses sometimes-dramatic language to depict the consequences of an irreversible depletion of raw materials. It warns of shifts in the global balance of power, of the formation of new relationships based on interdependency, of a decline in importance of the western industrial nations, of the "total collapse of the markets" and of serious political and economic crises.