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Deutsche Bank acknowledges energy crisis in print

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Peak_Oil Donating Member (666 posts) Send PM | Profile | Ignore Fri Dec-17-04 01:25 PM
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Deutsche Bank acknowledges energy crisis in print
http://www.dbresearch.de/PROD/DBR_INTERNET_DE-PROD/PROD0000000000181487.PDF

Among the issues discussed are the declining influence of Saudi Arabia on the price of oil, depletion in non-OPEC countries, soaring prices of oil, finite nature of supply, economic consequences of declining power sources, inability of an economy to grow in the face of declining power, the lack of any substitute for oil, the dependence of industrialized nations on imported oil....

23 pages of facts acknowledged by one of the most influential banks in the world. It's time to wake up, guys. Here we go.

Oh, and they quote ASPO's date for peak oil at 2008.

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