EVIDENCE THAT OIL LIMITS ARE LEADING TO LIMITS TO GDP GROWTH

"It should not be surprising to find that there is a close tie between GDP growth and oil supply growth ... Too much debt seems to be one of the limits, besides oil limits, we are reaching now ... ... [W]ith the small increases we are seeing in oil supply currently (about 0.4% per year), we are already at a point where world real GDP can be expected to be much lower than most economists would prefer (2.2% or 2.5% per year) ... If we want world real GDP to grow by 4.0% per year ... world oil supply needs to rise by 2.8% per year ... If world oil supply declines by 4.0% per year, the model would suggest that world real GDP can be expected to decline by 1.0% per year ... [W]e are entering a very challenging period."

Ein Artikel von Gail Tverberg über den Zusammenhang von Änderungen der globalen Ölfördermengen zum Bruttoweltprodukt im Kontext von Peak Oil. Erschienen auf The Oil Drum (19. Juli 2012).