Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
DEAL: For $25 - Add A Second Phone Number To Your Smartphone for life! Use promo code SLASHDOT25. Also, Slashdot's Facebook page has a chat bot now. Message it for stories and more. Check out the new SourceForge HTML5 internet speed test! ×

Submission + - German Military Braces for Peak Oil (nytimes.com)

myrdos2 writes: A study by a German military think tank leaked to the Internet warns of the potential for a dire global economic crisis in as little as 15 years as a result of a peak and an irreversible decline in world oil supplies. The study states that there is "some probability that peak oil will occur around the year 2010 and that the impact on security is expected to be felt 15 to 30 years later. ... In the medium term the global economic system and every market-oriented national economy would collapse". The report closely matches one from the US military earlier this year, which stated that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact.

Slashdot Top Deals

A year spent in artificial intelligence is enough to make one believe in God.

Working...