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Peak oil may lead to total market collapse
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A leaked German study has analyzed how "peak oil" might change the global economy. The study is a product of the Future Analysis department of the Bundeswehr Transformation Centre, a German military think tank. The team of authors, led by Lt Col 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.

http://www.spiegel.de/international/germany/0,1518,715138,00.html
Filed under: Energy Germany Oil Peak oil West
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