Peak Oil is You
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Page added on April 24, 2012
Latest Global Trade
Time for an update in my seasonally adjusted global trade series (see here for sources and methodology). The data above go through February (which has pretty complete data – and March is too incomplete to form even a preliminary estimate). You can see that it continues to look like global trade, recovering since 2009, hit a significant pothole in 2011 from which it has not recovered. Last spring it stopped growing, and then in the fall it fell sharply, and it has only slightly recovered since.
In a week or two it might be possible to form a reasonable preliminary estimate for March, which seems like it will be interesting.
One Comment on "Latest Global Trade"
Kenz300 on Tue, 24th Apr 2012 6:56 pm
The global economy was built on cheap energy (oil). With cheap oil coming to an end it may not make sense to ship fruit, vegetables and products around the world. Production closer to home with less shipping may be required. Adding in the high cost of shipping may put many goods outside the price consumers will be able to afford. When fruit and vegetables shipped from half way around the world become too expensive people will cut back or substitute.