Tag Archives: real GDP

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