Press Release

Energy, fuels and power sources in military applications totalled $34.5bn in 2008


February 2nd, 2010

Global Information would like to present a new market research report, "Military Energy, Fuels and Power Sources Market 2009-2019" by Visiongain.

The world s armed forces operate and continue to acquire weapon systems that were designed to run on fuels derived from relatively cheap oil. But as the oil price spike of 2008 illustrated, potential petroleum market volatility has to be factored into defence ministries budgets. Military capabilities could be severely constrained if higher fuel costs forced a reduction in the use of critical assets.

In the long term, as global demand for oil rises and supply dwindles, governments may be forced to adapt their military strategies to cope with the changing energy landscape. Energy Independence is increasingly becoming a factor in national security. As energy supplies become increasingly scarce, imbalances in access to resources could potentially even push competing nations into military confrontations.


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