Offutt AFB, NE, October 27: Lorenzo Ortega, III, CIO, logi ENERGY, while presenting the premise of Peak Oil, advised US Air Force personnel to arrange through their DOD fuel contracting to be fully hedged for the next 15 years. Ortega discussed that the US is not prepared for the steep drop of oil exports from exporting countries and the sudden shock will radically change the DoD budget and the Air Force's ability to fly and fight.
logi Energy employees have been researching the global macro effects of peak oil for almost half a decade and are the global leaders in modeling and understanding the timing and effects of peak oil on the global economy and markets. They have determined that peak oil has most likely occurred and will be followed by a severe drop in available exports that will catch the world, and the United States, by surprise. Ortega said: "The world needs the US Air Force to Fly, Fight and Inform them of what is going on. I want the Air Force to be prepared for what is coming."
Ortega said: "Contractually lock down all of the bio-diesel production that you possibly can for your use by your aircraft.â€
He additionally recommended that nearly all on-base transportation should be traded for enclosed electric golf carts, the only widely available electrical vehicles. He also said that the Air Force would also need a guaranteed contract for battery and motor availability for the next 15 years as they will be extremely hard to procure once everyone else understands the situation.
Ortega said,â€All Air Force trucks and flight line vehicles should be modified to utilize switchover tanks between natural gas and diesel. That way while in the United States they can use natural gas, and, while abroad, they can use much more easily transported and procured diesel fuel."
He also said that he felt, now is when the Obama Administration would be the most open to these types of green initiatives.
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Logi Energy,www.logipeakoil.com, is a group of 15 financial and engineering professionals with substantial experience in finance, oil and gas exploration and production, large projects and Energy. logi Energy has formed The Peak Oil Value Fund, a focused Hedge Fund to purchase interests in, and provide operating capital to, strategically valued, public and private oil, gas and Energy centric companies with excellent management.