How is peak oil and economic growth connected?



  1. 0 Votes

    It is likely that the world’s GDP (Gross Domestic Product) will peak as the world’s oil supply peak. After that, oil will become scarcer and scarcer, making it difficult for growth to stay positive as everything become more expensive and harder to create and consume. Unless technology can help us become independent from fossil fuels, this is the scary scenario we will see in the next 40-50 years. 

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