Bundeswehr study on peak oil speaks of "economic collapse".

A Bundeswehr report, published in German in November 2010, is published in English. The military analysts conclude, among many other things, that: “We are unable to think about the consequences of Peak Oil via our everyday experiences, and can only draw partial historical parallels. It is accordingly difficult to imagine what kind of impact a gradual withdrawal of one of the most important sources of energy would have on our civilization. Psychological barriers account for the suppression of irrefutable facts and lead to an almost instinctive rejection of in-depth discussion of this difficult issue.” The mainstream media have ignored the report, even in Germany, despite the conclusion that “in the medium term, the global economic system and every market-based economy would collapse.”