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Estimating the Economic Impacts of Peak Oil
March 7, 2008
How fast does the economy decline as oil production declines? In his latest report, drawing on various sources, Robert Hirsch reasons that the correlation is 1:1. A 2.5% annual decline rate will shrink the global economy by 25% in 10 years. Other reports substantiate that ratio.
The Age of Oil
This is the first blog entry.