by the48thronin » Sat 18 Sep 2010, 21:24:23
$this->bbcode_second_pass_quote('', 'A')ccording to an article published in Der Spiegel magazine this month, a German military think tank report strategically leaked online warns that peak oil will occur soon "and that the impact on security is expected to be felt 15 to 30 years later". Peak oil, according to the report, could threaten democracy, creating "room for ideological and extremist alternatives to existing forms of government". It says this could "in extreme cases lead to open conflict".
It also warns of market failures, huge tax rises, food shortages and widespread rationing. Oil is used in producing 95 per cent of industrial goods, so the report predicts price shocks right through the supply chain. "In the medium term, the global economic system and every market-oriented national economy would collapse,'' it says.
The Germans also warn of a shift away from a market economy. It's back to central planning.
the article the above quote is taken from is actually about
$this->bbcode_second_pass_quote('', '[')b]Acting on the looming oil crisis could give politicians the political cover they need to move on global warming.
PEAK oil and climate change are on parallel paths. Both are inextricably linked and can only be solved together, requiring a shift away from a reliance on fossil fuels into what is now called the "post-carbon economy". For Prime Minister Julia Gillard's climate change committee, peak oil is an inconvenient truth, and BHP Billiton chief executive Marius Kloppers's call for a carbon price and tax tells us something needs to be done soon.