Just read the following from BPT's annual report, very interesting:
Quote:
"JOE stands for the Joint Operating Environment report put out by the United States Armed Forces Command every two years, the most recent being published earlier this year. If anything, one might expect the US military establishment to be somewhat circumspect in outlining strategic weaknesses in a public document.
Far from it. They say, among other cautionary statements, By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 MBD (millions of barrels per day).
NEN Price at posting:
13.5¢ Sentiment: None Disclosure: Held
