Tag Archives: oil consumption

Why is US Oil Consumption Lower? Better Gasoline Mileage?

Posted on January 31, 2013 by

United States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth of 1.5% per year had continued. This drop in consumption … Continue reading →

Posted in Financial Implications, Oil Policy | Tagged , , , , , , , , , , , , | 92 Comments

How much oil growth do we need to support world GDP growth?

Posted on July 18, 2012 by

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 … Continue reading →

Posted in Financial Implications | Tagged , , , | 67 Comments

Evidence that Oil Limits are Leading to Declining Economic Growth

Posted on July 13, 2012 by

The usual assumption that economists, financial planners, and actuaries make is that future real GDP growth can be expected to be fairly similar to the average past growth rate for some historical time period. This assumption can take a number … Continue reading →

Posted in Financial Implications | Tagged , , , , , , | 56 Comments

The Growing Part of the World in Charts

Posted on July 5, 2012 by

Some parts of the world pretty much sailed through the 2008-2009 recession, while other parts of the world had huge problems. The part that sailed through the recession is what I call the “Growing Part of the World.” I thought … Continue reading →

Posted in Financial Implications, Oil and Its Future | Tagged , , , , , , , , , | 71 Comments

The Most Important Resource for Our Future: Inexpensive Oil (but its not really available)

Posted on February 1, 2012 by

Our economy runs on oil. Most of the tractors used for growing food run on oil. Nearly all of today’s cars and trucks run on oil. It is popular to talk about changing to some other fuel, but the practicalities … Continue reading →

Posted in Financial Implications, Introductory Post | Tagged , , , , , , , , | 64 Comments