Bill James

GE Results Validate Theory: Severe Economic Contraction

This is the Peak Oil Depression. Economic Growth equals Energy Growth times Efficiency Growth. In May of 2005 World Crude Oil Production stopped growing and the economy began loosing economic momentum.

Also in 2005, Net World Oil Exports Peaked and have declined 6% since. Net Exports is production minus domestic consumption by exporting nations; it is the amount of energy available to power economies of importing nations.

With oil as the lifeblood of our economy, less oil means contraction. The contraction will continue until the Olduvai Theory comes true or we change the lifeblood of our economy from oil to ingenuity. We can create an economic boom by de-monopolize centrally planned transportation and power generation infrastructure as we de-monopolized communications infrastructure in 1984. Transportation efficiencies can be increased 10-20 times. seekingalpha.com/artic...