There are three explanations for the oil price’s muffled impact. The first is that nowadays developed economies are more efficient in their use of energy, thanks partly to the increased importance of service industries and the diminished role of manufacturing. According to the Energy Information Administration, the energy intensity of America’s GDP fell by 42% [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
Crude oil threat
Posted by Matt in May 22nd, 2008 | no comment
Published in Oil, Crude Oil, Economy, Energy Information Administration, Energy Intensity, Explanations, Gdp, Oil Price Rise, Oil Threat
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