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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (199491)	8/31/2012 11:15:38 AM
From: Wharf Rat	Respond to of 542904

"The over built housing and the fact we have this generation of old farts going into retirement and the debt already created is going to make any high GNP goal problematic if not impossible" I agree with your conclusion, but not with your reasons. = How much oil growth do we need to support world GDP growth? Posted on July 18, 2012 by Gail Tverberg A few days ago, I showed the close relationship between growth in world oil consumption and growth in world GDP. In this post, I will extend that analysis by building a model that shows how much of an increase in world oil supply is need for a given increase in world GDP. This model indicates that if we want the world economy to grow by 4% per year, world oil supply will need to grow by close to 3% per year. This is more than world oil supply has grown per year since the 1970s–giving a clue as to why the world is having so much problem with economic growth now. Message 28293337 = --"If the 82 YO Eastwood knew what the internet was, he'd be very upset." Thomas Roberts