Over 100 million barrels per day of oil consumption later in 2018 which is $2.2 trillion per year at $60 per barrel

OPEC said world oil consumption will reach 100 million barrels per day (bpd) later in 2018. This milestone level will be reached sooner than previously forecast. Mohammad Barkindo told an energy conference in South Africa’s Cape Town that a stable environment was needed to encourage oil industry investment to meet the rising demand. Barkindo said …

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Cubic miles of oil and hundreds of gigawatts per year of added electricity

A cubic mile of oil per year is about 5.084 Terawatts per year with continuous power generation. making current world energy use around 15 TW. The world is using about 3.9 cubic miles of oil per year in electricity. The world was using 3.19 cubic miles of oil per year in electricity in 2006. The …

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Recessions usually occur 10-22 months after interest rate curve inverts

The U.S. economy is growing at a fast clip, and the bull market is entering its ninth year. Some economists are starting worry over rising interest rates and a negative signal from the bond market called a flattening yield curve. The yield curve—with one exception in 1966—has basically predicted every recession according to Natixis Chief …

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Researchers projected post-2008 crisis growth onto the world through 2100 and then talked about 7% economic cost of climate damage

A research paper claims that if the world stays at 2 degrees celsius of warming versus going up to 4 degrees celsius of warming then the world economy will be US$17.5 trillion per year stronger in 2100. At 4 degrees Celsius of global warming, the losses in income to the global economy are claimed to …

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