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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Ten Fewer Least Developed Countries by 2024

In 2014, the population of LDCs (Least Developed Countries) was 898 million—1/8 of the world’s total. The population in LDCs is expected to more than double between 2010 and 2050. In the same time period, the total world population is expected to grow less than 40%. However, the number of least developed countries will drop …

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