European Tribune - Comments - Macroeconomic notes on resource scarcity

Macroeconomic notes on resource scarcity | 38 comments (38 topical, editorial, 0 hidden)

Re: Macroeconomic notes on resource scarcity (none / 0)

Well, global GDP is the sum of international trade and intranational trade. I say global GDP is 12 times the size of the oil market, and you point out that for the US oil imports are 1/6 of total imports. US GDP is about $10T

Oil imports $360B/month
Imports $190B/month
GDP $417B/month

Can the last politician to go out the revolving door please turn the lights off?

by Migeru (migeru at eurotrib dot com) on Mon Jul 30th, 2007 at 10:41:01 AM EST
[ Parent ]

Re: Macroeconomic notes on resource scarcity (none / 0)

Round numbers, the oil traded in 2004 amounted to 0.5 T$.

Vencit omnia veritas.

by Luis de Sousa (luis[dot]a[dot]de[dot]sousa[at]gmail[dot]com) on Mon Jul 30th, 2007 at 11:04:10 AM EST
[ Parent ]

Macroeconomic notes on resource scarcity | 38 comments (38 topical, 0 editorial, 0 hidden)

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