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The warning of energy crisis was given by US military. Two years may be the period taken for the disappearance of oil. The surplus oil production may get over within two years. The political and economic impact will be more significant. The serious shortages will be seen from the year 2015 says US military.
The cost of a barrel of crude oil will reach as much as $100 was the price predicted. The energy crisis was being done by joint operating environment and US joint forces. The entire oil production will disappear by 2012 and the entire will be out of sight by 2015.
The day of 10 million barrels shortfall would be seen soon in near years. The report was foreword by a senior commander general James N Mattis. Main oil advisor for Obama administration also interviewed in the French newspaper about oil decline. The world of liquid fuels between the year 2011 and 2015 will see a decline.