Flashback: This Was Posted October 27, 2011

This was posted October 27, 2011:

Link here.

DOE’s optimistic future supply forecasts are dangerously unrealistic, James S. Baldauf, president and cofounder of ASPO-USA, told reporters during an Oct. 26 press conference in front of DOE’s headquarters. “If these exuberant predictions are wrong, the consequences could be catastrophic. We need to be conservative in planning for the future,” he said. “We are not running out of oil. But we appear to be running out of oil that we can afford.”

The US Department of Defense’s Joint Operating Command said in its biennial report that a world oil supply shortfall would pose a serious challenge to military preparedness, he said in an e-mail to OGJ. “They have said that as soon as 2012, total world oil production will begin to decline, and that there could be a 10 million bbl/day shortage by 2015,” he indicated.

Memo to self: remind me to look at this report in December, 2024.

Remember, it was the US Navy paying $26/gallon for algae-derived fuel, or something like that.

Update: here's the link -- Pentagon paid $150 per gallon for "green" jet fuel to promote alternative energy. If that link ever breaks, here's the link to the blog where the story was posted. The story was posted elsewhere also, but this will do for now.