Conscious Travel
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Conscious Travel
The factors driving & necessitating the emergence of a new operating model for tourism
Curated by Anna Pollock
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How much oil growth do we need to support world GDP growth?

How much oil growth do we need to support world GDP growth? | Conscious Travel | Scoop.it

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.

 

Another must-read article by Gail Tverberg explaining the energy limits to economic growth, a factor not taken into consideration by any of the "expert" economists trying to work out solutions for the global economic and debt crisis.


Via Willy De Backer
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What the new 2011 EIA oil supply data shows

Very informative article by Gail Tverberg explaining why oil supply is tight and prices high.

 

"On balance, it would appear that at best, oil production in the near future will be virtually flat, leading to more spiking of oil prices and greater world economic problems. Another possibility is that world production will begin to decline. The likelihood of decline would appear to be increased if more oil exporters encounter political disruptions, or if the world enters a major recession leading to an oil price decline."


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6 Scary Extreme Energy Sources Being Tapped to Fuel the Post Peak Oil Economy

6 Scary Extreme Energy Sources Being Tapped to Fuel the Post Peak Oil Economy | Conscious Travel | Scoop.it
Think of this as taking fracking to the next level so that we can continue to speed along on our highway to hell -- peak oil, and the earth, be damned.

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