Re:Saudi Arabia threatens to ditch dollar oil trades to stop...
by ilaksh on Friday April 05, 2019 @06:43AM
(#19581289)
The energy/material intensity of global GDP has probably been falling because most of the GDP actually is generated by way of massive unaccounted debt piling up.
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Re:Saudi Arabia threatens to ditch dollar oil trades to stop...
by JumpCrisscross on Friday April 05, 2019 @07:04AM
(#19581387)
> energy/material intensity of global GDP has probably been falling because most of the GDP actually is generated by way of massive unaccounted debt piling up
Real energy intensity is falling. This is because of both increasing efficiency and [1] a greater fraction of demand being explained by immaterial factors [2].
In any case, leveraging an economy doesn't directly change its energy intensity. If it costs X kcal to produce $1 of goods, it doesn't matter if those goods were paid for with cash or credit.
[1] https://mpra.ub.uni-muenchen.de/13149/1/MPRA_paper_13149.pdf
[2] https://www.sciencedirect.com/science/article/pii/0140988382...