Wednesday, April 14, 2010

is anyone considering our reliance on imports and inflation driven by transportation costs? The darkside of Globalization and perhaps the impetus for an increase in domestic manufacturing...

US military warns oil output may dip causing massive shortages by 2015

• Shortfall could reach 10m barrels a day, report says
• Cost of crude oil is predicted to top $100 a barrel

"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," says the report, which has a foreword by a senior commander, General James N Mattis.



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